100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FICEP final test questions & answers 2024/2025 $7.99   Add to cart

Exam (elaborations)

FICEP final test questions & answers 2024/2025

 5 views  0 purchase
  • Course
  • FICEP
  • Institution
  • FICEP

FICEP final test questions & answers 2024/2025 people who have gambled in their lifetimes, in the past year - ANSWERS85%, 66% learning financial attitudes from parents is known as - ANSWERSmodeling consumers who want it "now vs later" are at the greatest risk of - ANSWERSspending more t...

[Show more]

Preview 2 out of 5  pages

  • July 15, 2024
  • 5
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • FICEP
  • FICEP
avatar-seller
wanjejer1900
FICEP final test questions & answers 2024/2025 people who have gambled in their lifetimes, in the past year - ANSWERS85%, 66%
learning financial attitudes from parents is known as - ANSWERSmodeling
consumers who want it "now vs later" are at the greatest risk of - ANSWERSspending 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 - ANSWERSfocusing too little on the future
members viewing their 401k contributions as their primary savings are probably - ANSWERSsaving too little
earn/spend/earn/spend - ANSWERSliving paycheck to paycheck
earn/save/spend - ANSWERSpay yourself first, primary focus is saving
earn/spend/borrow/spend - ANSWERSneed it now, creates reliance on debt
major advantage of using a credit card - ANSWERSit is convenient
gambling addictions are hard to identify because - ANSWERSthere is no saturation point for gambling behavior
goal of financial counseling - ANSWERShelp members become responsible for their own financial lives goal of credit counseling - ANSWERShelp create financial stability in member's financial lives
financial counselors are NOT - ANSWERStherapists
when budgeting, financial counselors... - ANSWERSmake suggestions, do not do the budget for them
financial counselors make members aware of their financial situation by - ANSWERSshowing the big picture (cash flow, total amount owed, interest rates)
remedial counseling - ANSWERSused when short term crisis intervention is needed
preventative counseling - ANSWERSplanning for something (marriage, children, college)
productive counseling - ANSWERSidentifies the best way to use resources with existing good financial habits
steps to setting up a counseling program - ANSWERS1. determine member needs
2. know community, national stats, employee needs
3. propose to board only after obtaining information, identifying objectives, and developing an action plan
the role of a financial counselor is to - ANSWERSadvise and motivate members to address financial concerns
purpose of a spending plan - ANSWERSbalance spending, bill paying, and saving
common counseling pitfall - ANSWERStalking too much, each member is different
why analyze a member's income, expenses, and debts? - ANSWERSto determine the severity of the problem and find options for improvement

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 wanjejer1900. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75391 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart