FICEP EXAM 2026/2027 WITH 100
QUESTIONS AND EXPERT-VERIFIED
CORRECT ANSWERS | ALREADY
GRADED A+ | GUARANTEED PASS |
FICEP EXAM
What decision making tool is best to use when considering all forces in favor or
against a plan so decision can be made? - ANSWER-Force-field analysis
What is the first step of the counseling process? - ANSWER-Collect member data
It is best to divide a budget into which cycle? - ANSWER-Monthly
What provides a credit history including debt repayment practices for an
individual? - ANSWER-Credit report
When discussing a member's budget analysis, build in assumptions and
adjustments to make sure the process allows for a... - ANSWER-12-month cycle
, What is not a step that will reduce debt? - ANSWER-Borrowing money from
payday lenders
Increasing a monthly payment beyond the minimum required by the credit issuer is
known as: - ANSWER-Paying more on the principal
One advantage of leasing a car is: - ANSWER-Locked into a contract
When determining if a vehicle is affordable, one should consider the: - ANSWER-
Purchase price, maintenance costs, insurance costs
What type of savings helps one cope when the unthinkable occurs? - ANSWER-
Emergency
A good action plan includes: - ANSWER-A list of steps and timeline for the
member to complete
What is NOT an example of ways members may start saving? - ANSWER-
Increasing living expenses with each new raise
One way to overcome a member's objection to financial counseling is to: -
ANSWER-Express confidence in member's ability to address the problem
You cannot help couples and families who have difficulties talking through money
issues by: - ANSWER-Meeting with members separately for financial counseling
What will NOT help families change financial habits? - ANSWER-Having
children be absent from discussions about spending changes
QUESTIONS AND EXPERT-VERIFIED
CORRECT ANSWERS | ALREADY
GRADED A+ | GUARANTEED PASS |
FICEP EXAM
What decision making tool is best to use when considering all forces in favor or
against a plan so decision can be made? - ANSWER-Force-field analysis
What is the first step of the counseling process? - ANSWER-Collect member data
It is best to divide a budget into which cycle? - ANSWER-Monthly
What provides a credit history including debt repayment practices for an
individual? - ANSWER-Credit report
When discussing a member's budget analysis, build in assumptions and
adjustments to make sure the process allows for a... - ANSWER-12-month cycle
, What is not a step that will reduce debt? - ANSWER-Borrowing money from
payday lenders
Increasing a monthly payment beyond the minimum required by the credit issuer is
known as: - ANSWER-Paying more on the principal
One advantage of leasing a car is: - ANSWER-Locked into a contract
When determining if a vehicle is affordable, one should consider the: - ANSWER-
Purchase price, maintenance costs, insurance costs
What type of savings helps one cope when the unthinkable occurs? - ANSWER-
Emergency
A good action plan includes: - ANSWER-A list of steps and timeline for the
member to complete
What is NOT an example of ways members may start saving? - ANSWER-
Increasing living expenses with each new raise
One way to overcome a member's objection to financial counseling is to: -
ANSWER-Express confidence in member's ability to address the problem
You cannot help couples and families who have difficulties talking through money
issues by: - ANSWER-Meeting with members separately for financial counseling
What will NOT help families change financial habits? - ANSWER-Having
children be absent from discussions about spending changes
