FICEP Bundled Exams Questions and Answers (2023/2024) (Complete and Accurate)

FiCep Part 1 Questions and Answers Already Graded A What are the housing market conditions that can indicate a real estate "bubble"? Housing values are rising faster than consumer income What five sources influence most consumers' financial practices? Parents, Lenders, learned patterns, creditor...

FICEP Test Questions and Answers 100% Pass Money avoidance is the idea that money is evil or ______________ undeserved The idea that money is the way to solve all a member's problems is money ______________ worship Money ____________ is the member's belief that wealth is tied to self-worth. Mone...

FiCEP Study Guide (Final) (2023/2024) Rated A+ operating costs A tax is defined as a contribution that supports the _____ of a government. progressive A _____ tax requires a taxpayer to pay more tax as their income increases. (Federal and state income taxes are examples) regressive A _____ tax cha...

FICEP Part 2 Latest Update Graded A 401k Plan A plan which allows employees to make tax-deferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. Beneficiary The person or persons who are designated ...

FiCEP Exam Questions and Answers Graded A+ Which cycle describes members who are just surviving and living paycheck to paycheck? Earn/Spend/Earn/Spend Financial counselors who don't use what they know about hemispheric thinking may fall into the trap of: Presenting information to a member in a ma...

FiCEP Sample Quiz Chapters 1-15 (2023/2024) Already Passed TRUE or FALSE: Receiving a medical bill affects your credit score False TRUE or FALSE: Divorce has a direct impact on credit score False Student loan refinancing makes sense when the member has: 1. High interest rates on existing loans 2. ...