CUNA FICEP Final Exam Questions & Answers.
Financial Counseling is never? - CORRECT ANSWER An answer to every problem.
Providing financial education can have which of the following employee benefits? - CORRECT ANSWER Reduce Absenteeism.
Which is an essential Counselor Quality? - CORRECT AN...
CUNA FICEP Final Exam Questions &
Answers.
Financial Counseling is never? - CORRECT ANSWER An answer to every problem.
Providing financial education can have which of the following employee benefits? - CORRECT ANSWER
Reduce Absenteeism.
Which is an essential Counselor Quality? - CORRECT ANSWER Remaining nonjudgmental.
Which vital skill allows you to observe every aspect of a members attempt at communication? -
CORRECT ANSWER Observing nonverbal clues.
Which is an element that supports the motivation needed to make significant life changes? - CORRECT
ANSWER Confidence.
Which is a false statement regarding Force-Field Analysis? - CORRECT ANSWER A member lists only the
forces preventing achievement.
What is Force-Field Analysis? - CORRECT ANSWER the process of determining which forces drive and
which resist a proposed change.
Weighing the costs and benefits of two possible solutions can help members determine what? -
CORRECT ANSWER If a solution is workable and beneficial.
Which extreme financial approach may lead to giving away what little money the member may have? -
CORRECT ANSWER Money Avoidance.
Which term refers to communication patterns that are so ingrained the response is automatic? -
CORRECT ANSWER Patterned Responses.
, Which communication skill do counselors use to create a feeling of connection with a member by
matching physical characteristics? - CORRECT ANSWER Pacing.
Which communication approach represents a tactic used to show confirmation of information? -
CORRECT ANSWER Restating or Paraphrasing.
Which one of these is not a successful money management trait? - CORRECT ANSWER Give.
Which type of financial counseling includes helping members with good financial habits manage
financial challenges due to life changes? - CORRECT ANSWER Preventive.
During the financial counseling process, which task is included in the development of a spending plan? -
CORRECT ANSWER Helping the member break the budget into components that reflect the spending
cycle.
What is an item that members do not need to bring to the initial meeting? - CORRECT ANSWER Passport.
Which expenditure represents a form of secured debt? - CORRECT ANSWER Car loan.
What are the five C's of credit? - CORRECT ANSWER Capacity, character, collateral, capital, and
conditions.
Which financial literacy topic is appropriate to learn at a preschool age? - CORRECT ANSWER Wants vs.
Needs.
Which life stage may be an appropriate time for parents to create spending plans with children? -
CORRECT ANSWER Middle School.
What is one type of savings one should have in a comprehensive spending plan? - CORRECT ANSWER
Set-Aside.
which of these is not a debt management option? - CORRECT ANSWER Payday Lenders.
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