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CUNA FiCEP CERTIFICATION FINAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | LATEST
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CUNA FiCEP CERTIFICATION FINAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | LATEST
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CUNA FiCEP CERTIFICATION FINALEXAM QUESTIONS AND DETAILED
CORRECT ANSWERS | LATEST 2024-2025
What are the items to track and measure during financial
counseling sessions? Correct Answer Time, Number of
members, Activity, Impact/Outcomes.
A good intake form will record what? Correct Answer If the
member has a spending plan that they are following, all
debts, All savings, Credit score.
Which information is included on a credit report? Correct
Answer Current Address.
Which element has the largest single influence on a credit
score? Correct Answer Payment History.
Which action produces a 'soft hit' on a credit score?
Correct Answer Requesting a copy of your own credit
report.
Which is a step that can improve a credit score? Correct
Answer Maintaining older accounts rather than closing
them.
Offering in-home baby-sitting is an example of which
option for increasing income? Correct Answer Getting a
second job.
, Which driving behavior will lead to increased gas
expenses for the member? Correct Answer Braking
rapidly.
If a member is looking for ways to decrease entertainment
costs, which recommendation should you offer? Correct
Answer Borrowing items from a library.
what should you suggest to a member who wants to begin
saving? Correct Answer Set aside what you received as a
raise and live on the previous salary.
Which term describes a type of savings referred to as a
nest egg? Correct Answer Safety net savings.
Which is a way members can establish good credit?
Correct Answer By opening a secured Credit Card.
Which of the fives C's of credit is based on a members
past behaviors likely to affect an individuals financial
actions, such as length of employment? Correct Answer
Character.
For which credit card source do typical offers include high
interest rates and incentives? Correct Answer Retailers.
Which is not a feature of prepaid cards? Correct Answer
Line of Credit.
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