TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FICEP Final exam Study Guide with
Complete Solutions
Lien - 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 - Answer✔️✔️-Spending too much, saving too little, carrying too
much debt, reliance on othersm and caring to little about finance.
Money avoidance - Answer✔️✔️-The view that money us evil or undeserved
Money worship - Answer✔️✔️-The belief that money is synonymous with happiness and
success
Money status - Answer✔️✔️-Associates wealth with self-worth.
Money Vigilance - Answer✔️✔️-Perceived need for secrecy about one's financial
wellness.
Earn/spend/earn - Answer✔️✔️-Living paycheck to paycheck.
Dividing paycheck into specific spending categories. "Capturing" money before it can be
spent. - Answer✔️✔️-How do you combat earn/spend/earn patterns?
Earn/spend/borrow/spend - Answer✔️✔️-Confuse wants with needs. Relying on debt to
establish and maintain the standard of living they feel they deserve.
Earn/spend/save - Answer✔️✔️-Savings is low priority. Rarely enough money.
Identify reasons to save. - Answer✔️✔️-How can you combat Earn/spend/save patterns?
,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Earn/save/spend - Answer✔️✔️-Pay yourself first. Saving money immediately. Budget
and spend what is left.
behavioral influences - Answer✔️✔️-Learned patterns, parents, society, creditors, lenders
are examples of ______________ ________________.
Expand - Answer✔️✔️-Financial counselors should seek to help members
______________ their perspective to see other possibilities that could improve their
financial health.
Conscious mind - Answer✔️✔️-Correlates to the left hemisphere. Orderly and systematic
center for processing info provided by the senses. Directed with a focused activity.
Unconscious mind - 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 - Answer✔️✔️-Correlates to the left, analytical side. Communicates in
ways that are orderly, specific, and straight-forward. Often assertive.
Soft Approach - Answer✔️✔️-Correlates with the right, creative side. Offers possibilities
and suggestions. Avoids absolutes or directives.
Open - Answer✔️✔️-Term for information that is known to a counselor and member.
Blind - Answer✔️✔️-Information a counselor knows and a member does not.
Hidden - Answer✔️✔️-Information the member knows and chooses not to share.
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Remedial counseling - Answer✔️✔️-Type of counseling that helps members cope with
debt they cannot afford or poor management. Often required in financial emergencies.
Preventive counseling - 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 - 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 - 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 - Answer✔️✔️-Counselors must ask _______________ questions. These are
the key to helping members recognize attitudes and practices that undermine their
financial status.
Nonverbal - Answer✔️✔️-Counselors need to observe __________________ cues.
Pacing - Answer✔️✔️-Counselors use _____________ to create a feeling of connection
with a member by matching physical characteristics and unconscious movements.
Blending - Answer✔️✔️-Counselors use ____________ to display communication
patterns that match a member's, such as speech rate, tone, and vocabulary.
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FICEP Final exam Study Guide with
Complete Solutions
Lien - 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 - Answer✔️✔️-Spending too much, saving too little, carrying too
much debt, reliance on othersm and caring to little about finance.
Money avoidance - Answer✔️✔️-The view that money us evil or undeserved
Money worship - Answer✔️✔️-The belief that money is synonymous with happiness and
success
Money status - Answer✔️✔️-Associates wealth with self-worth.
Money Vigilance - Answer✔️✔️-Perceived need for secrecy about one's financial
wellness.
Earn/spend/earn - Answer✔️✔️-Living paycheck to paycheck.
Dividing paycheck into specific spending categories. "Capturing" money before it can be
spent. - Answer✔️✔️-How do you combat earn/spend/earn patterns?
Earn/spend/borrow/spend - Answer✔️✔️-Confuse wants with needs. Relying on debt to
establish and maintain the standard of living they feel they deserve.
Earn/spend/save - Answer✔️✔️-Savings is low priority. Rarely enough money.
Identify reasons to save. - Answer✔️✔️-How can you combat Earn/spend/save patterns?
,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Earn/save/spend - Answer✔️✔️-Pay yourself first. Saving money immediately. Budget
and spend what is left.
behavioral influences - Answer✔️✔️-Learned patterns, parents, society, creditors, lenders
are examples of ______________ ________________.
Expand - Answer✔️✔️-Financial counselors should seek to help members
______________ their perspective to see other possibilities that could improve their
financial health.
Conscious mind - Answer✔️✔️-Correlates to the left hemisphere. Orderly and systematic
center for processing info provided by the senses. Directed with a focused activity.
Unconscious mind - 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 - Answer✔️✔️-Correlates to the left, analytical side. Communicates in
ways that are orderly, specific, and straight-forward. Often assertive.
Soft Approach - Answer✔️✔️-Correlates with the right, creative side. Offers possibilities
and suggestions. Avoids absolutes or directives.
Open - Answer✔️✔️-Term for information that is known to a counselor and member.
Blind - Answer✔️✔️-Information a counselor knows and a member does not.
Hidden - Answer✔️✔️-Information the member knows and chooses not to share.
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Remedial counseling - Answer✔️✔️-Type of counseling that helps members cope with
debt they cannot afford or poor management. Often required in financial emergencies.
Preventive counseling - 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 - 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 - 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 - Answer✔️✔️-Counselors must ask _______________ questions. These are
the key to helping members recognize attitudes and practices that undermine their
financial status.
Nonverbal - Answer✔️✔️-Counselors need to observe __________________ cues.
Pacing - Answer✔️✔️-Counselors use _____________ to create a feeling of connection
with a member by matching physical characteristics and unconscious movements.
Blending - Answer✔️✔️-Counselors use ____________ to display communication
patterns that match a member's, such as speech rate, tone, and vocabulary.
