FICEP LATEST TEST 2026/2027
WITH 150 QUESTIONS AND
EXPERT-VERIFIED CORRECT
ANSWERS | ALREADY GRADED
A+ | GUARANTEED PASS
The three types of financial counseling are ____________, _______________, and
____________. - ANSWER-productive, preventative, and remedial
A counselor should seek to understand all the facts bout a client's circumstances
before generating alternatives using both _____________ and _______________
cues. - ANSWER-verbal, nonverbal
There are four steps in the member's change process. In sequential order they are:
1. Recognizing the _________ for change.
2. Gather ___________ and introduce new ideas.
3. ______________ plan as needed.
4. Make _____________ a part of the member's habits. - ANSWER-Need
,information
revise
changes
Help members prioritize essentials so they spend on ___________ instead of
____________. - ANSWER-needs, wants
Examining forces for or against a specific action are part of a _____________
______________ _____________________. - ANSWER-Force field analysis
The counseling process contains six steps. In sequential order, they are:
1. ____________ member data
2. Establish clear financial _____________ and objectives.
3. _________________ data.
4. _____________ a spending, debt repayment and action plan
5. _______________ plan.
6. Monitor, evaluate, and ______________ as needed. - ANSWER-collect
goals
analyze
develop
implement
adjust
a ____________ plan looks at the sources of income and where clients spend their
money. - ANSWER-spending
, Cash _____ is the term to define money in and out of a client's budget. -
ANSWER-flow
T or F
At least 3 recent paycheck stubs should be reviewed when gathering a member's
financial information. - ANSWER-True
When analyzing expenses it is important to consider a 12 month cycle to take
____________ ______________ into account which include rising utility costs for
additional air in the summer and heat in winter as well as back to school expenses
every fall. - ANSWER-seasonal variations
Options for increasing ______________ include working overtime, getting a
second job, selling something and setting long term goals - ANSWER-income
Accelerating debt repayment can be done by paying more on principal, rolling up
payments of the same amount monthly, or paying off ____________
_____________ debts first. - ANSWER-high interest
T or F
Since 2010 federal law requires consumers to have a choice to opt-in to overdraft
programs. - ANSWER-True
____________ loans are the costliest way to handle cash flow problems. -
ANSWER-Payday
When planning a trip, choose the vehicle that gives the best ___________ for that
trip. - ANSWER-mileage
WITH 150 QUESTIONS AND
EXPERT-VERIFIED CORRECT
ANSWERS | ALREADY GRADED
A+ | GUARANTEED PASS
The three types of financial counseling are ____________, _______________, and
____________. - ANSWER-productive, preventative, and remedial
A counselor should seek to understand all the facts bout a client's circumstances
before generating alternatives using both _____________ and _______________
cues. - ANSWER-verbal, nonverbal
There are four steps in the member's change process. In sequential order they are:
1. Recognizing the _________ for change.
2. Gather ___________ and introduce new ideas.
3. ______________ plan as needed.
4. Make _____________ a part of the member's habits. - ANSWER-Need
,information
revise
changes
Help members prioritize essentials so they spend on ___________ instead of
____________. - ANSWER-needs, wants
Examining forces for or against a specific action are part of a _____________
______________ _____________________. - ANSWER-Force field analysis
The counseling process contains six steps. In sequential order, they are:
1. ____________ member data
2. Establish clear financial _____________ and objectives.
3. _________________ data.
4. _____________ a spending, debt repayment and action plan
5. _______________ plan.
6. Monitor, evaluate, and ______________ as needed. - ANSWER-collect
goals
analyze
develop
implement
adjust
a ____________ plan looks at the sources of income and where clients spend their
money. - ANSWER-spending
, Cash _____ is the term to define money in and out of a client's budget. -
ANSWER-flow
T or F
At least 3 recent paycheck stubs should be reviewed when gathering a member's
financial information. - ANSWER-True
When analyzing expenses it is important to consider a 12 month cycle to take
____________ ______________ into account which include rising utility costs for
additional air in the summer and heat in winter as well as back to school expenses
every fall. - ANSWER-seasonal variations
Options for increasing ______________ include working overtime, getting a
second job, selling something and setting long term goals - ANSWER-income
Accelerating debt repayment can be done by paying more on principal, rolling up
payments of the same amount monthly, or paying off ____________
_____________ debts first. - ANSWER-high interest
T or F
Since 2010 federal law requires consumers to have a choice to opt-in to overdraft
programs. - ANSWER-True
____________ loans are the costliest way to handle cash flow problems. -
ANSWER-Payday
When planning a trip, choose the vehicle that gives the best ___________ for that
trip. - ANSWER-mileage
