AFC Prep Test Questions With 100% Correct Answers.

AFC Prep Test Questions With 100% Correct Answers. You have been talking with your client and you say, "Tell me what brings you in today?" What phase of the financial counseling process are you transitioning to? - answerExplore Which of the following sources is the best source for a goal to come from? - answerThe Client A client has twin sons going to college in 7 years. They want to avoid burdening their sons with debt, and are concerned about cash flowing it because they would have to stop saving for retirement to do that. What type of appointment is this most likely to be? - answerPreventative Who controls the counseling process? - answerThe counselor T/F You should be able to work with any client that walks in the door - answerFalse A client records all of your sessions so they can go back and listen to them later. As part of the recording they ask you to describe any pictures you draw. Based on this information, what is most likely to be this client's primary learning style? - answerAuditory In Which stage of the financial counseling process do you create an action plan? - answerUnderstand What type of goal is earning your AFC designation so you can be a better counselor? - answerProcess Goals What item should the client walk out of a counseling session with? - answerAn action plan Your new client is telling you about their kids and how they were just in a play at school. What phase of the counseling process are you most likely in? - answerInitiate Informed Practitioners are expected to be ________________ of research. - answerConsumers A client knows how to pay for a purchase by using a credit card. What level of learning/practice is the client at? - answerFinancial knowledge When is the most appropriate time to end the counseling relationship. - answerWhen the client's goals have been met. What type of artwork do clients tend to prefer? - answerNatural settings Who is responsible to plan the course of action for achieving client goals? - answerThe client Which of the following is the most powerful way to increase a financial counselor's self- awareness of communication patterns and tendencies? - answerAudio or visual recording of a session. what are some out-of-scope topics for a financial counselor? - answerFiling bankruptcy, Substance abuse, Investment management. What is the key to client engagement and behavior change? - answerA strong client- counselor bond. A plan to achieve goals is generated during which stage of counseling? - answerUnderstanding Exploring needs and goals happens during which stage counseling? - answerExploring Financial statements help us see if our behavior is moving us towards: - answerOur goals What is the front-end ration measure? - answerHousing debt What is the correct way to date a Balance Sheet? - answerAs of Dec 31, 2020 A client's balance sheet reflects the: - answerpresent Your consumer debt ratio should be no higher than: - answer15% Which of the following is the best budgeting tool? - answerWhatever the client will commit to and use What does the Liquidity Ratio measure? - answerEmergency Fund We express our financial values by the way we: - answerDonate our money Spend our money Save our money A Budget is a ______________ for where your money should go. - answerplan - answer