Exam (elaborations)
FICEP TEST #2 QUESTIONS AND ANSWERS 2024
- Course
- Institution
FICEP TEST #2 QUESTIONS AND ANSWERS 2024
[Show more]
Content preview
FICEP TEST #2 QUESTIONS AND ANSWERS 2024People who have gambled in their lifetimes, in the past year - correct answer 85%, 66%
Learning financial attitudes from parents is known as - correct answer modeling
Consumers who want it "now vs later" are at the greatest risk of - correct answer spending more than they can afford
If a member thinks of a new obligation as only a few more dollars a month, without considering the total cost of the purchase, this usually indicates that they are - correct answer focusing too little on the future
Members viewing their 401k contributions as their primary savings are probably - correct answer saving too little
Earn/spend/earn/spend - correct answer living paycheck to paycheck
Earn/save/spend - correct answer pay yourself first, primary focus is saving
Earn/spend/borrow/spend - correct answer need it now, creates reliance on debt
Major advantage of using a credit card - correct answer it is convenient
Gambling addictions are hard to identify because - correct answer there is no saturation
point for gambling behavior
Goal of financial counseling - correct answer help members become responsible for their own financial lives
Goal of credit counseling - correct answer help create financial stability in member's financial lives
Financial counselors are not - correct answer therapists
When budgeting, financial counselors... - correct answer make suggestions, do not do the budget for them
Financial counselors make members aware of their financial situation by - correct answer showing the big picture (cash flow, total amount owed, interest rates)
Remedial counseling - correct answer used when short term crisis intervention is needed
Preventative counseling - correct answer planning for something (marriage, children, college)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YOURVERIFIEDEXAMPLUG. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now