FICEP Final exam Questions with 100%
Correct Answers
Lien Correct Answer: If a debtor files a _________ on your property you will will
unable to sell or dispose of it without arrangements on the debt.
Poor financial habits Correct Answer: Spending too much, saving too little,
carrying too much debt, reliance on othersm and caring to little about finance.
Money avoidance Correct Answer: The view that money us evil or undeserved
Money worship Correct Answer: The belief that money is synonymous with
happiness and success
Money status Correct Answer: Associates wealth with self-worth.
Money Vigilance Correct Answer: Perceived need for secrecy about one's
financial wellness.
Earn/spend/earn Correct Answer: Living paycheck to paycheck.
Dividing paycheck into specific spending categories. "Capturing" money before
it can be spent. Correct Answer: How do you combat earn/spend/earn
patterns?
Earn/spend/borrow/spend Correct Answer: Confuse wants with needs. Relying
on debt to establish and maintain the standard of living they feel they deserve.
Earn/spend/save Correct Answer: Savings is low priority. Rarely enough money.
Identify reasons to save. Correct Answer: How can you combat
Earn/spend/save patterns?
,Earn/save/spend Correct Answer: Pay yourself first. Saving money immediately.
Budget and spend what is left.
behavioral influences Correct Answer: Learned patterns, parents, society,
creditors, lenders are examples of ______________ ________________.
Expand Correct Answer: Financial counselors should seek to help members
______________ their perspective to see other possibilities that could improve their
financial health.
Conscious mind Correct Answer: Correlates to the left hemisphere. Orderly and
systematic center for processing info provided by the senses. Directed with a
focused activity.
Unconscious mind Correct Answer: Correlates to the right hemisphere and
provides autonomic processing, which controls functions of the body that
continually work in the background such as breathing.
Hard Approach Correct Answer: Correlates to the left, analytical side.
Communicates in ways that are orderly, specific, and straight-forward. Often
assertive.
Soft Approach Correct Answer: Correlates with the right, creative side. Offers
possibilities and suggestions. Avoids absolutes or directives.
Open Correct Answer: Term for information that is known to a counselor and
member.
Blind Correct Answer: Information a counselor knows and a member does not.
Hidden Correct Answer: Information the member knows and chooses not to
share.
, Remedial counseling Correct Answer: Type of counseling that helps members
cope with debt they cannot afford or poor management. Often required in
financial emergencies.
Preventive counseling Correct Answer: Type of counseling that helps members
with good financial habits manage financial challenges due to life changes.
Can be used to prepare members for a large purchase.
Productive counseling Correct Answer: Type of counseling that helps members
identify the best way to use their resources to improve their financial status.
Often needed when someone suddenly acquires assets.
Budget Correct Answer: Used to determine how funds will be allocated and
makes it possible to restrain spending so money is available to meet living
expenses, repay debt, and meet other goals.
Perceptive Correct Answer: Counselors must ask _______________ questions.
These are the key to helping members recognize attitudes and practices that
undermine their financial status.
Nonverbal Correct Answer: Counselors need to observe __________________
cues.
Pacing Correct Answer: Counselors use _____________ to create a feeling of
connection with a member by matching physical characteristics and
unconscious movements.
Blending Correct Answer: Counselors use ____________ to display
communication patterns that match a member's, such as speech rate, tone,
and vocabulary.
Declarative lead Correct Answer: Counselors say they need to learn more. "I
would like to know more about why you opened a new credit card".
Correct Answers
Lien Correct Answer: If a debtor files a _________ on your property you will will
unable to sell or dispose of it without arrangements on the debt.
Poor financial habits Correct Answer: Spending too much, saving too little,
carrying too much debt, reliance on othersm and caring to little about finance.
Money avoidance Correct Answer: The view that money us evil or undeserved
Money worship Correct Answer: The belief that money is synonymous with
happiness and success
Money status Correct Answer: Associates wealth with self-worth.
Money Vigilance Correct Answer: Perceived need for secrecy about one's
financial wellness.
Earn/spend/earn Correct Answer: Living paycheck to paycheck.
Dividing paycheck into specific spending categories. "Capturing" money before
it can be spent. Correct Answer: How do you combat earn/spend/earn
patterns?
Earn/spend/borrow/spend Correct Answer: Confuse wants with needs. Relying
on debt to establish and maintain the standard of living they feel they deserve.
Earn/spend/save Correct Answer: Savings is low priority. Rarely enough money.
Identify reasons to save. Correct Answer: How can you combat
Earn/spend/save patterns?
,Earn/save/spend Correct Answer: Pay yourself first. Saving money immediately.
Budget and spend what is left.
behavioral influences Correct Answer: Learned patterns, parents, society,
creditors, lenders are examples of ______________ ________________.
Expand Correct Answer: Financial counselors should seek to help members
______________ their perspective to see other possibilities that could improve their
financial health.
Conscious mind Correct Answer: Correlates to the left hemisphere. Orderly and
systematic center for processing info provided by the senses. Directed with a
focused activity.
Unconscious mind Correct Answer: Correlates to the right hemisphere and
provides autonomic processing, which controls functions of the body that
continually work in the background such as breathing.
Hard Approach Correct Answer: Correlates to the left, analytical side.
Communicates in ways that are orderly, specific, and straight-forward. Often
assertive.
Soft Approach Correct Answer: Correlates with the right, creative side. Offers
possibilities and suggestions. Avoids absolutes or directives.
Open Correct Answer: Term for information that is known to a counselor and
member.
Blind Correct Answer: Information a counselor knows and a member does not.
Hidden Correct Answer: Information the member knows and chooses not to
share.
, Remedial counseling Correct Answer: Type of counseling that helps members
cope with debt they cannot afford or poor management. Often required in
financial emergencies.
Preventive counseling Correct Answer: Type of counseling that helps members
with good financial habits manage financial challenges due to life changes.
Can be used to prepare members for a large purchase.
Productive counseling Correct Answer: Type of counseling that helps members
identify the best way to use their resources to improve their financial status.
Often needed when someone suddenly acquires assets.
Budget Correct Answer: Used to determine how funds will be allocated and
makes it possible to restrain spending so money is available to meet living
expenses, repay debt, and meet other goals.
Perceptive Correct Answer: Counselors must ask _______________ questions.
These are the key to helping members recognize attitudes and practices that
undermine their financial status.
Nonverbal Correct Answer: Counselors need to observe __________________
cues.
Pacing Correct Answer: Counselors use _____________ to create a feeling of
connection with a member by matching physical characteristics and
unconscious movements.
Blending Correct Answer: Counselors use ____________ to display
communication patterns that match a member's, such as speech rate, tone,
and vocabulary.
Declarative lead Correct Answer: Counselors say they need to learn more. "I
would like to know more about why you opened a new credit card".
