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UPDATED 2024/2025 FICEP EXAM QUESTIONS WITH VERIFIED SOLUTIONS ALREADY PASSED $15.49
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UPDATED 2024/2025 FICEP EXAM QUESTIONS WITH VERIFIED SOLUTIONS ALREADY PASSED
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Which cycle describes members who are just surviving and living paycheck to paycheck? - CORRECT ANSWER Earn/Spend/Earn/Spend Financial counselors who don't use what they know about hemispheric thinking may fall into the trap of: - CORRECT ANSWER Presenting information to a member i...

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  • January 22, 2024
  • 10
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ficep exam 2024
  • ficep exam
  • ficep
  • ficep exam 2024 questions with verified solutions
  • ficep exam 2024 questions with verified solutions
  • updated ficep exam questions with verifi

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  • F1900 FiCEP

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FICEP EXAM 2024 QUESTIONS WITH VERIFIED
SOLUTIONS ALREADY PASSED
Which cycle describes members who are just surviving and living paycheck to paycheck?

- CORRECT ANSWER Earn/Spend/Earn/Spend

Financial counselors who don't use what they know about hemispheric thinking may fall

into the trap of: - CORRECT ANSWER Presenting information to a member in a

manner that might not be the best way to communicate

Using a hard approach, rather than a soft approach, with members: - CORRECT

ANSWER Communicates in an orderly, specific, and straight-forward way

The Johari Window describes four zones. When working with a member, the Hidden

Zone represents: - CORRECT ANSWER Information that is known to the member

and not the counselor

Which type of counseling should a consumer use when a member is preparing for a large

purchase? - CORRECT ANSWER Preventive

What is NOT a vital counselor skill? - CORRECT ANSWER Asking close-ended

questions

An example of pacing is when a counselor: - CORRECT ANSWER Matches the

member's energy level

What is NOT a step in the change process? - CORRECT ANSWER Not revising the

plan

What decision making tool is best to use when considering all forces in favor or against a

plan so decision can be made? - CORRECT ANSWER Force-field analysis

, FICEP EXAM 2024 QUESTIONS WITH VERIFIED
SOLUTIONS ALREADY PASSED
What is the first step of the counseling process? - CORRECT ANSWER Collect

member data

It is best to divide a budget into which cycle? - CORRECT ANSWER Monthly

What provides a credit history including debt repayment practices for an individual? -

CORRECT ANSWER Credit report

When discussing a member's budget analysis, build in assumptions and adjustments to

make sure the process allows for a... - CORRECT ANSWER 12-month cycle

What is not a step that will reduce debt? - CORRECT ANSWER Borrowing money

from payday lenders

Increasing a monthly payment beyond the minimum required by the credit issuer is

known as: - CORRECT ANSWER Paying more on the principal

One advantage of leasing a car is: - CORRECT ANSWER Locked into a contract

When determining if a vehicle is affordable, one should consider the: - CORRECT

ANSWER Purchase price, maintenance costs, insurance costs

What type of savings helps one cope when the unthinkable occurs? - CORRECT

ANSWER Emergency

A good action plan includes: - CORRECT ANSWER A list of steps and timeline for

the member to complete

What is NOT an example of ways members may start saving? - CORRECT ANSWER

Increasing living expenses with each new raise

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