FICEP Final exam QUESTIONS WITH ANSWERS

FICEP Final exam QUESTIONS WITH |\ |\ |\ |\ |\




ANSWERS

If a debtor files a _________ on your property you will will
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unable to sell or dispose of it without arrangements on
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the debt. - CORRECT ANSWERS ✔✔Lien
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Spending too much, saving too little, carrying too much
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debt, reliance on othersm and caring to little about
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finance. - CORRECT ANSWERS ✔✔Poor financial habits
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The view that money us evil or undeserved - CORRECT
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ANSWERS ✔✔Money avoidance |\ |\




The belief that money is synonymous with happiness and
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success - CORRECT ANSWERS ✔✔Money worship
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Associates wealth with self-worth. - CORRECT ANSWERS|\ |\ |\ |\ |\ |\ |\



✔✔Money status |\




Perceived need for secrecy about one's financial wellness.
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- CORRECT ANSWERS ✔✔Money Vigilance
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,Living paycheck to paycheck. - CORRECT ANSWERS
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✔✔Earn/spend/earn


How do you combat earn/spend/earn patterns? -
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CORRECT ANSWERS ✔✔Dividing paycheck into specific
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spending categories. "Capturing" money before it can be
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spent.


Confuse wants with needs. Relying on debt to establish
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and maintain the standard of living they feel they
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deserve. - CORRECT ANSWERS |\ |\ |\ |\



✔✔Earn/spend/borrow/spend


Savings is low priority. Rarely enough money. - CORRECT
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ANSWERS ✔✔Earn/spend/save |\




How can you combat Earn/spend/save patterns? -
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CORRECT ANSWERS ✔✔Identify reasons to save. |\ |\ |\ |\ |\




Pay yourself first. Saving money immediately. Budget and
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spend what is left. - CORRECT ANSWERS
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✔✔Earn/save/spend

, Learned patterns, parents, society, creditors, lenders are
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examples of ______________ ________________. - CORRECT
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ANSWERS ✔✔behavioral influences |\ |\




Financial counselors should seek to help members
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______________ their perspective to see other possibilities |\ |\ |\ |\ |\ |\ |\



that could improve their financial health. - CORRECT
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ANSWERS ✔✔Expand |\




Correlates to the left hemisphere. Orderly and systematic
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center for processing info provided by the senses.
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Directed with a focused activity. - CORRECT ANSWERS
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✔✔Conscious mind |\




Correlates to the right hemisphere and provides
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autonomic processing, which controls functions of the
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body that continually work in the background such as
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breathing. - CORRECT ANSWERS ✔✔Unconscious mind
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Correlates to the left, analytical side. Communicates in
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ways that are orderly, specific, and straight-forward.
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Often assertive. - CORRECT ANSWERS ✔✔Hard Approach
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Correlates with the right, creative side. Offers possibilities
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and suggestions. Avoids absolutes or directives. -
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CORRECT ANSWERS ✔✔Soft Approach |\ |\ |\