FICEP EXAM QUESTIONS AND ANSWERS #4
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".
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".
