CUNA FiCEP EXAM QUESTIONS CORRECT
ANSWERS CURRENT UPDATE (VERIFIED
A+ PASS)
Financial Counseling is never? - Answers -An answer to every problem.
Providing financial education can have which of the following employee benefits? -
Answers -Reduce Absenteeism.
Which is an essential Counselor Quality? - Answers -Remaining nonjudgmental.
Which vital skill allows you to observe every aspect of a members attempt at
communication? - Answers -Observing nonverbal clues.
Which is an element that supports the motivation needed to make significant life
changes? - Answers -Confidence.
Which is a false statement regarding Force-Field Analysis? - Answers -A member lists
only the forces preventing achievement.
What is Force-Field Analysis? - Answers -the process of determining which forces drive
and which resist a proposed change.
Weighing the costs and benefits of two possible solutions can help members determine
what? - Answers -If a solution is workable and beneficial.
Which extreme financial approach may lead to giving away what little money the
member may have? - Answers -Money Avoidance.
Which term refers to communication patterns that are so ingrained the response is
automatic? - Answers -Patterned Responses.
Which communication skill do counselors use to create a feeling of connection with a
member by matching physical characteristics? - Answers -Pacing.
Which communication approach represents a tactic used to show confirmation of
information? - Answers -Restating or Paraphrasing.
Which one of these is not a successful money management trait? - Answers -Give.
Which type of financial counseling includes helping members with good financial habits
manage financial challenges due to life changes? - Answers -Preventive.
, During the financial counseling process, which task is included in the development of a
spending plan? - Answers -Helping the member break the budget into components that
reflect the spending cycle.
What is an item that members do not need to bring to the initial meeting? - Answers -
Passport.
Which expenditure represents a form of secured debt? - Answers -Car loan.
What are the five C's of credit? - Answers -Capacity, character, collateral, capital, and
conditions.
Which financial literacy topic is appropriate to learn at a preschool age? - Answers -
Wants vs. Needs.
Which life stage may be an appropriate time for parents to create spending plans with
children? - Answers -Middle School.
What is one type of savings one should have in a comprehensive spending plan? -
Answers -Set-Aside.
which of these is not a debt management option? - Answers -Payday Lenders.
What is the snowball approach to allocating payments among debts? - Answers -Starts
with the smallest debts and gradually takes on larger amounts.
When should the financial counselor consider suggesting debt settlement? - Answers -
The accounts are already severely delinquent or in collections.
Which of the following is something a good action plan achieves? - Answers -Makes it
possible for members to address and solve specific financial problems.
Which of the following should not be asked during a follow up meeting? - Answers -Can
you control your spending now?
What are the items to track and measure during financial counseling sessions? -
Answers -Time, Number of members, Activity, Impact/Outcomes.
A good intake form will record what? - Answers -If the member has a spending plan that
they are following, all debts, All savings, Credit score.
Which information is included on a credit report? - Answers -Current Address.
Which element has the largest single influence on a credit score? - Answers -Payment
History.
ANSWERS CURRENT UPDATE (VERIFIED
A+ PASS)
Financial Counseling is never? - Answers -An answer to every problem.
Providing financial education can have which of the following employee benefits? -
Answers -Reduce Absenteeism.
Which is an essential Counselor Quality? - Answers -Remaining nonjudgmental.
Which vital skill allows you to observe every aspect of a members attempt at
communication? - Answers -Observing nonverbal clues.
Which is an element that supports the motivation needed to make significant life
changes? - Answers -Confidence.
Which is a false statement regarding Force-Field Analysis? - Answers -A member lists
only the forces preventing achievement.
What is Force-Field Analysis? - Answers -the process of determining which forces drive
and which resist a proposed change.
Weighing the costs and benefits of two possible solutions can help members determine
what? - Answers -If a solution is workable and beneficial.
Which extreme financial approach may lead to giving away what little money the
member may have? - Answers -Money Avoidance.
Which term refers to communication patterns that are so ingrained the response is
automatic? - Answers -Patterned Responses.
Which communication skill do counselors use to create a feeling of connection with a
member by matching physical characteristics? - Answers -Pacing.
Which communication approach represents a tactic used to show confirmation of
information? - Answers -Restating or Paraphrasing.
Which one of these is not a successful money management trait? - Answers -Give.
Which type of financial counseling includes helping members with good financial habits
manage financial challenges due to life changes? - Answers -Preventive.
, During the financial counseling process, which task is included in the development of a
spending plan? - Answers -Helping the member break the budget into components that
reflect the spending cycle.
What is an item that members do not need to bring to the initial meeting? - Answers -
Passport.
Which expenditure represents a form of secured debt? - Answers -Car loan.
What are the five C's of credit? - Answers -Capacity, character, collateral, capital, and
conditions.
Which financial literacy topic is appropriate to learn at a preschool age? - Answers -
Wants vs. Needs.
Which life stage may be an appropriate time for parents to create spending plans with
children? - Answers -Middle School.
What is one type of savings one should have in a comprehensive spending plan? -
Answers -Set-Aside.
which of these is not a debt management option? - Answers -Payday Lenders.
What is the snowball approach to allocating payments among debts? - Answers -Starts
with the smallest debts and gradually takes on larger amounts.
When should the financial counselor consider suggesting debt settlement? - Answers -
The accounts are already severely delinquent or in collections.
Which of the following is something a good action plan achieves? - Answers -Makes it
possible for members to address and solve specific financial problems.
Which of the following should not be asked during a follow up meeting? - Answers -Can
you control your spending now?
What are the items to track and measure during financial counseling sessions? -
Answers -Time, Number of members, Activity, Impact/Outcomes.
A good intake form will record what? - Answers -If the member has a spending plan that
they are following, all debts, All savings, Credit score.
Which information is included on a credit report? - Answers -Current Address.
Which element has the largest single influence on a credit score? - Answers -Payment
History.
