FICEP FINAL EXAM 2024-2025 |ACTUAL COMPLETE QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY
GRADED A+.
If a debtor files a _________ on your property you will will unable to
sell or dispose of it without arrangements on the debt. - ANSWER-
Lien
Spending too much, saving too little, carrying too much debt, reliance
on othersm and caring to little about finance. - ANSWER-Poor
financial habits
The view that money us evil or undeserved - ANSWER-Money
avoidance
The belief that money is synonymous with happiness and success -
ANSWER-Money worship
Associates wealth with self-worth. - ANSWER-Money status
Perceived need for secrecy about one's financial wellness. -
ANSWER-Money Vigilance
Living paycheck to paycheck. - ANSWER-Earn/spend/earn
,How do you combat earn/spend/earn patterns? - ANSWER-Dividing
paycheck into specific spending categories. "Capturing" money
before it can be spent.
Confuse wants with needs. Relying on debt to establish and maintain
the standard of living they feel they deserve. - ANSWER-
Earn/spend/borrow/spend
Savings is low priority. Rarely enough money. - ANSWER-
Earn/spend/save
How can you combat Earn/spend/save patterns? - ANSWER-Identify
reasons to save.
Pay yourself first. Saving money immediately. Budget and spend what
is left. - ANSWER-Earn/save/spend
Learned patterns, parents, society, creditors, lenders are examples of
______________ ________________. - ANSWER-behavioral influences
Financial counselors should seek to help members ______________
their perspective to see other possibilities that could improve their
financial health. - ANSWER-Expand
Correlates to the left hemisphere. Orderly and systematic center for
processing info provided by the senses. Directed with a focused
activity. - ANSWER-Conscious mind
,Correlates to the right hemisphere and provides autonomic
processing, which controls functions of the body that continually
work in the background such as breathing. - ANSWER-Unconscious
mind
Correlates to the left, analytical side. Communicates in ways that are
orderly, specific, and straight-forward. Often assertive. - ANSWER-
Hard Approach
Correlates with the right, creative side. Offers possibilities and
suggestions. Avoids absolutes or directives. - ANSWER-Soft
Approach
Term for information that is known to a counselor and member. -
ANSWER-Open
Information a counselor knows and a member does not. – ANSWER-
Blind
Information the member knows and chooses not to share. - ANSWER-
Hidden
Type of counseling that helps members cope with debt they cannot
afford or poor management. Often required in financial emergencies. -
ANSWER-Remedial counseling
, Type of counseling that helps members with good financial habits
manage financial challenges due to life changes. Can be used to
prepare members for a large purchase. - ANSWER-Preventive
counseling
Type of counseling that helps members identify the best way to use
their resources to improve their financial status. Often needed when
someone suddenly acquires assets. - ANSWER-Productive
counseling
Used to determine how funds will be allocated and makes it possible
to restrain spending so money is available to meet living expenses,
repay debt, and meet other goals. - ANSWER-Budget
Counselors must ask _______________ questions. These are the key
to helping members recognize attitudes and practices that undermine
their financial status. - ANSWER-Perceptive
Counselors need to observe __________________ cues. - ANSWER-
Nonverbal
Counselors use _____________ to create a feeling of connection with
a member by matching physical characteristics and unconscious
movements. - ANSWER-Pacing
Counselors use ____________ to display communication patterns that
match a member's, such as speech rate, tone, and vocabulary. -
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