Cwmc Quizzes, Questions & Answers

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Cwmc Module 13: Financial Advisors Competency Test

This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Financial Advisors Module (Module 13) of the program. The questions are all multiple choice, and...

Questions: 16 | Attempts: 67 | Last updated: Jun 21, 2025

Sample Question 1
Which questions should be asked of a financial advisor to ensure he/she is a quality advisor? (check all that apply)

What credentials do you have and what do those credentials mean?

What is your religion?

How are you compensated?

Will you provide references that I can contact and talk to?

Do you validate parking?

Sample Question 2
Which question should an expert financial advisor NOT ask a potential client?

When do you plan to retire?

What advisor or company do your friends use?

Does your employer offer a 401(k)?

What is your risk tolerance?

What are your retirement plans, goals and needs?

Sample Question 3
What do the credentials "CFP" mean in the context of this CWMC Module?

Choose a Financial Planner

Concealed Firearms Permit

Certified Financial Planner

Consumer Financial Planning

Corporate Financial Plan

Recent Cwmc Quizzes

Cwmc Module 29: Travel & Vacation Competency Test

This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Travel & Vacation Module (Module 29) of the program. The questions are all multiple choice, and...

Questions: 10 | Attempts: 123 | Last updated: Mar 20, 2025

Sample Question
Which of these travel goals is unrelated to CWMC Module 29: Travel & Vacation?

Avoid travel scams

Find tax havens abroad

Save thousands of dollars

Stay safe when taking vacations

Find low-cost destinations

Cwmc Module 22: Mortgage Competency Test

This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Mortgage Module (Module 22) of the program. The questions are all multiple choice, and are designed...

Questions: 14 | Attempts: 64 | Last updated: Jun 20, 2025

Sample Question
Which of the following is a benefit of a Balloon ARM?

Payments increase when rates rise

Low initial rate compared to fixed rate

No stability; payments vary with market

May need to refinance to pay off balloon

Rates at payoff could be cost prohibitive

Cwmc Module 18: Insurance Competency Test

This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Insurance Module (Module 18) of the program. The questions are all multiple choice, and are...

Questions: 15 | Attempts: 42 | Last updated: Apr 22, 2025

Sample Question
CWMC Module 18 on Insurance is NOT designed to teach Money Coaches:

How to prepare employees to make wise insurance choices

Everything they need to know about insurance

Ways to avoid making costly mistakes when purchasing insurance

Basic insurance terminology

About the types of insurance protection available

Cwmc Module 17: Home Competency Test

This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Home Module (Module 17) of the program. The questions are all multiple choice, and are designed to...

Questions: 15 | Attempts: 55 | Last updated: May 17, 2025

Sample Question
Upon completing Module 17 (Home), Money Coaches will be able to step employees through home buying and selling decisions by arming them with _______ they may never hear from realtors.

3 Web sites

The best property choices

ERISA guidelines

The information

Legal jargon

Cwmc Module 12: Family And Money Competency Test

This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Family and Money Module (Module 12) of the program. The questions are all multiple choice, and are...

Questions: 15 | Attempts: 139 | Last updated: Mar 19, 2025

Sample Question
Which of the following would you NOT recommend regarding family and money issues?

Http://www.familyeducation.com

Http://save.lovetoknow.com

Http://www.sierraclub.org

Http://fatherhood.about.com/cs/fatherhoodstories/a/moneyandfamily.htm

Http://www.giveme20.com

Cwmc Module 9: Divorce Competency Test

This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Divorce Module (Module 9) of the program. The questions are all multiple choice, and are designed...

Questions: 14 | Attempts: 103 | Last updated: Jul 15, 2025

Sample Question
Which of the following statements are financial myths about divorce? (check all that apply)

It’s cheaper to stay married than to divorce.

It’s cheaper to divorce than stay married.

The spouse who retains the home always comes out better financially.

All divorce attorneys charge comparable fees.

Cwmc Module 4: Big-ticket Purchases Competency Test

This quiz is part of LFE Institute’s CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Big-Ticket Purchases Module (Module 4) of the program. The questions are all multiple choice, and...

Questions: 10 | Attempts: 82 | Last updated: Oct 16, 2025

Sample Question
Employees can save money on big-ticket purchases except when they:

Shop and compare prices

Never accept sticker price and always negotiate for a better deal

Keep an eye on sales ads and circulars

Use coupon sites such as www.retailmenot.com

Buy on impulse

Cwmc Module 1: Baby Competency Test

This quiz is part of LFE Institute’s CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Baby Module (Module 1) of the program. The questions are all multiple choice, and are designed to...

Questions: 15 | Attempts: 122 | Last updated: Mar 21, 2025

Sample Question
Which of the following benefits are motivating employers to provide Money Coaching services to employees? (check all that apply)

Helps to minimize ERISA-related liabilities

Saves client’s time trying to answer questions that employees may have

Helps reduce the high cost of “Presenteeism” (employees focused on personal financial questions or problems instead of their jobs)

Minimizes liabilities related to employee distractions over their finances (accidents, injuries, product liability, etc.)