Certified Floodplain Manager (CFM) Practice Exam

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Unlock your potential as a Certified Floodplain Manager (CFM) with our expertly crafted practice test. Designed to simulate the real exam, our quiz offers a comprehensive review of floodplain management principles, preparing you for success.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What does ACV stand for?

Actual Cash Value
Annual Community Verification
Amended Cost Verification
Actual Cost Value

The correct answer is: Actual Cash Value

ACV stands for Actual Cash Value, which refers to the market value of an asset or property at a particular point in time. This is different from the other options because B does not make sense in the context of the question and C and D use similar terms but do not specifically refer to cash.