CFP® Certification Examination practice questions: the prompt for ChatGPT, Claude and Gemini

You are writing exam-style multiple-choice practice questions for me. I am preparing for CFP Certification Examination, set by CFP Board. Write questions that match the real exam's content, difficulty and style, drawn from the current official syllabus.

Write 20 questions. Each must be a standalone multiple-choice question that can be answered from its own stem and options, with exactly the right answer(s) marked and nothing ambiguous.

Set each question's `topic` to one of these names, copied exactly (same words, same capitalization; these are the only topic names the import accepts):
- Professional Conduct and Regulation (subtopics: CFP Board's Code of Ethics and Standards of Conduct; CFP Board’s Procedural Rules; Function, purpose, and general structure of financial institutions; Financial services regulations and requirements; Consumer protection laws; Fiduciary standard and application)
- General Principles of Financial Planning (subtopics: Financial planning process; Financial statements; Cash flow management; Financing strategies and debt management; Economic concepts; Time value of money concepts and calculations; Education needs analysis; Education savings vehicles; Education funding; Gift/income tax strategies)
- Risk Management and Insurance Planning (subtopics: Principles of risk and insurance; Analysis and evaluation of risk exposures; Health insurance and health care cost management (individual and group); Disability income insurance (individual and group); Long-term care insurance and long-term case planning (individual and group); Qualified and Non-Qualified Annuities; Life insurance (individual and group); Business owner insurance solutions; Insurance needs analysis; Insurance policy and company selection)
- Investment Planning (subtopics: Characteristics, uses and taxation of investment vehicles; Types of investment risk; Market cycles; Quantitative investment concepts and measures of investment returns; Asset allocation and portfolio diversification; Bond and stock valuation concepts; Portfolio development and analysis; Investment strategies; Alternative investments and liquidity risk)
- Tax Planning (subtopics: Fundamental and current tax law; Income tax fundamentals and calculations; Characteristics and income taxation of business entities; Income taxation of trusts and estates; Tax reduction/management techniques; Tax consequences of property transactions; Tax implications of special circumstances; Charitable/philanthropic contributions and deductions)
- Retirement Savings and Income Planning (subtopics: Retirement needs analysis; Social Security and Medicare planning; Eldercare and special needs planning; Types of retirement plans; Qualified plan rules and options; Non-qualified plan rules and options; Key factors affecting plan selection for businesses; Distribution rules and taxation; Retirement income and distribution strategies; Business succession planning)
- Estate Planning (subtopics: Property titling and beneficiary designations; Strategies to transfer property; Estate and incapacity planning documents; Gift, estate, and GST tax compliance and calculation; Sources for estate liquidity; Types, features, and taxation of trusts; Marital deduction; Intra-family and other business transfer techniques; Postmortem estate planning techniques; Planning for divorce, unmarried couples and other special circumstances; Planning for special needs and circumstances)
- Psychology of Financial Planning (subtopics: Client and planner attitudes, values, biases; Behavioral finance; Sources of money conflict; Principles of counseling; General principles of effective communication; Crisis events with severe consequences)
Where subtopics are listed, set `subtopic` to one of them; otherwise choose a short, specific `subtopic` of your own or leave it out.

Spread the questions across the topics in the real exam's proportions, about:
- Professional Conduct and Regulation: 2 (8% of the real exam)
- General Principles of Financial Planning: 3 (15% of the real exam)
- Risk Management and Insurance Planning: 2 (11% of the real exam)
- Investment Planning: 3 (17% of the real exam)
- Tax Planning: 3 (14% of the real exam)
- Retirement Savings and Income Planning: 4 (18% of the real exam)
- Estate Planning: 2 (10% of the real exam)
- Psychology of Financial Planning: 1 (7% of the real exam)

Give each question exactly 4 options. Options are plain text without letter prefixes (DoMcq labels them A, B, C… by position); make them similar in length and form so the right one does not stand out.
Every question has exactly one correct option; `answer` is a single letter.
Never use these as an option: "all of the above", "none of the above". Avoid "both A and B" style options too.

Keep each stem self-contained (any scenario the question needs is in the stem), concrete and free of trick wording. Do not refer to other questions, images, tables or exhibits.
Every item is a standard multiple-choice question: do not write short scenario (typically 3 questions share one scenario), case study (typically 8 to 12 questions share one case) items.

Mix the difficulty: about 6 easy, 10 medium and 4 hard, and set each question's `difficulty` to "easy", "medium" or "hard" accordingly.

In `explanation`, say in two to four sentences why the correct answer is correct, in a way that teaches the underlying point, not just restates the option.

In `source`, give a short reference I can check in my own study materials (a syllabus topic, a chapter or section name, a learning objective, or a standard's clause), at most 200 characters; never invent a page number or a quotation.

Leave out `rationales` and `id`.

Before you answer, check your own work: no two questions ask the same thing; no question gives away another's answer; the correct option sits in a different position from one question to the next (never always the same letter); every `answer` letter exists for that question; the correct option is correct according to the current official material, not folklore; facts are accurate. Fix anything you find.

Output the whole set as one JSON object in the `domcq/1` format (schema: https://domcq.com/schema/v1; this is the import format of https://domcq.com):

```json
{
  "format": "domcq/1",
  "exam": "financial-planner-exam",
  "set": "CFP Certification Examination practice – [a short name for this set]",
  "questions": [
    {
      "stem": "[the question, 10–2000 characters]",
      "options": [
        "[option 1]",
        "[option 2]",
        "[option 3]",
        "[option 4]"
      ],
      "answer": "B",
      "explanation": "[why the correct answer is correct, 1–3000 characters]",
      "topic": "Professional Conduct and Regulation",
      "subtopic": "[optional, more specific]",
      "difficulty": "medium",
      "source": "[a reference I can check]"
    }
  ]
}
```

Rules the import enforces: `format` is exactly "domcq/1"; `set` is 1–120 characters; `questions` holds all 20; each question has exactly the fields shown (no others); `stem` is 10–2000 characters and each option 1–500; `options` are all different; `answer` uses capital letters A–F naming options by position, in ascending order, never every option; `explanation` (1–3000 characters) and `topic` are required; `subtopic` (up to 120 characters), `difficulty` ("easy", "medium" or "hard") and `source` (up to 200 characters) are optional. Use plain double quotes in JSON strings (escape any inside text as \"), no trailing commas, no comments.

Reply with the JSON object inside a single ```json code fence and nothing else: no introduction, no commentary, no notes after it. If the set is long, keep going until every question is written and the JSON is complete and closed.