Ficep 2024 correct 100 Study guides, Class notes & Summaries

2024 FICEP Study Guide Part 1 Questions and Answers 100% Correct Which spending cycle is the preferred one to be in? Earn/Save/Spend concious mind left hemisphere, center for processing sensory info Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:07 / 0:15 Full screen unconscious mind Right hemisphere, autonomic processing Hard approach left/analytic side, assertive/orderly/straightforward Soft approach Ri...

FICEP FINAL EXAM 2024 |ACTUAL EXAM 2 VERSIONS (VERSION A AND B) |COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) |PRE- EVALUATED A+

2024/2025 FiCEP Exam - Questions with 100% Correct Answers Which cycle describes members who are just surviving and living paycheck to paycheck? a. Earn / spend / earn / spend b. Earn / spend / borrow / spend c. Earn / spend / save d. Earn / borrow / spend / save Financial counselors who don't use what they know about hemispheric thinking, may fall into the trap of: a. Assuming the member will succeed if they work with the counsellor b. Asking too many questions c. Telling the member what the...

Which cycle describes members who are just surviving and living paycheck to paycheck? - ANSWEREarn/Spend/Earn/Spend Financial counselors who don't use what they know about hemispheric thinking may fall into the trap of: - ANSWERPresenting information to a member in a manner that might not be the best way to communicate Using a hard approach, rather than a soft approach, with members: - ANSWERCommunicates in an orderly, specific, and straight-forward way The Johari Window describes four...

people who have gambled in their lifetimes, in the past year - ANSWER85%, 66% learning financial attitudes from parents is known as - ANSWERmodeling consumers who want it "now vs later" are at the greatest risk of - ANSWERspending 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 - ANSWERfocusing too little on the future members viewing their 4...

What are referral clues? - ANSWERDepression, anxiety, marital stress, secretive behavior, sudden change, severe unexplainable financial difficulties How do you make successful referrals? - ANSWER1. Recognize need to maintain dignity 2. Confidentiality 3. Be accurate 4. Set expectations especially with public programs 5. Follow up What situations call for immediate assistance? - ANSWER1. Food, shelter, or medical care 2. Professional help (ex. psych needs) 3. Severe financial crisis What...

Financial Well-Being - ANSWERTied to behaviors and attitudes, influenced by environment and experiences Poor Financial Habits - ANSWERSpending too much, saving too little, carrying too much debt, caring too little about financial future, reliance on others Spending Cycles - ANSWER4 primary cycles, counselors aim for Earn/Save/Spend cycle Behavioral Influences - ANSWERLearned patterns, parents, society, creditors, lenders Maslow's Hierarchy of Needs -

deliquent - ANSWERdebt or other financial obligation on which payment is overdue foreclosure - ANSWERthe seizure of property from borrowers who are unable to repay their loans money avoidance - ANSWERbelieve that money is bad and they do not deserve it; may ignore their finances and avoid thinking about money; may also give away money to others in order not to have it. money worship - ANSWERconvinced that more money will solve all of their problems, that there will never be enough, that...

________________ _____________ occurs when a criminal obtains personal information to use without permission. - ANSWERIdentity theft Primary sources of data for identity thieves include ___________ ________________ cards, driver's license, tax returns and medical insurance cards. - ANSWERSocial Security Opting out of __________________________ credit card offers will help stop identity theft. - ANSWERPre-screened Lack of a lock icon, misspelled words, altered logos and requests for per...