FiCEP Exam Newest 2026/2027 Questions and
Correct Detailed Answers Already Graded A+
When discussing a member's budget analysis, build in assumptions and
adjustments to make sure the process allows for a... - CORRECT ANSWER-12-
month cycle
What is not a step that will reduce debt? - CORRECT ANSWER-Borrowing
money from payday lenders
Increasing a monthly payment beyond the minimum required by the credit issuer
is known as: - CORRECT ANSWER-Paying more on the principal
One advantage of leasing a car is: - CORRECT ANSWER-Locked into a contract
When determining if a vehicle is affordable, one should consider the: - CORRECT
ANSWER-Purchase price, maintenance costs, insurance costs
, What type of savings helps one cope when the unthinkable occurs? - CORRECT
ANSWER-Emergency
A good action plan includes: - CORRECT ANSWER-A list of steps and timeline
for the member to complete
Which cycle describes members who are just surviving and living paycheck to
paycheck? - CORRECT ANSWER-Earn/Spend/Earn/Spend
Financial counselors who don't use what they know about hemispheric thinking
may fall into the trap of: - CORRECT ANSWER-Presenting 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: - CORRECT
ANSWER-Communicates in an orderly, specific, and straight-forward way
The Johari Window describes four zones. When working with a member, the
Hidden Zone represents: - CORRECT ANSWER-Information that is known to the
member and not the counselor
Correct Detailed Answers Already Graded A+
When discussing a member's budget analysis, build in assumptions and
adjustments to make sure the process allows for a... - CORRECT ANSWER-12-
month cycle
What is not a step that will reduce debt? - CORRECT ANSWER-Borrowing
money from payday lenders
Increasing a monthly payment beyond the minimum required by the credit issuer
is known as: - CORRECT ANSWER-Paying more on the principal
One advantage of leasing a car is: - CORRECT ANSWER-Locked into a contract
When determining if a vehicle is affordable, one should consider the: - CORRECT
ANSWER-Purchase price, maintenance costs, insurance costs
, What type of savings helps one cope when the unthinkable occurs? - CORRECT
ANSWER-Emergency
A good action plan includes: - CORRECT ANSWER-A list of steps and timeline
for the member to complete
Which cycle describes members who are just surviving and living paycheck to
paycheck? - CORRECT ANSWER-Earn/Spend/Earn/Spend
Financial counselors who don't use what they know about hemispheric thinking
may fall into the trap of: - CORRECT ANSWER-Presenting 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: - CORRECT
ANSWER-Communicates in an orderly, specific, and straight-forward way
The Johari Window describes four zones. When working with a member, the
Hidden Zone represents: - CORRECT ANSWER-Information that is known to the
member and not the counselor
