FICEP FINAL EXAM (2 VERSIONS) | NEWEST
ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2025 UPDATE!
Which of the following decision-making tools is the best to use when
considering all forces in favor of or against a plan so a decision can be
made?
a. Essential obligations
b. Cost-benefit analysis
c. Reframing
d. Force-field analysis - ✔✔✔ Correct Answer > Force-filed analysis
Which of the following statements is FALSE regarding the steps that can
help families change habits?
a. Children can be absent from discussions because spending changes
will not affect them.
b. Parents must present a united front when talking with children about
money
,c. Recognizing progress with positive feedback can keep everyone
focused on the goals.
d. Once problem areas are identified, develop strategies to save money.
- ✔✔✔ Correct Answer > Children can be absent from discussions
because spending changes will not affect them.
When determining if a vehicle is affordable, which of the following is
NOT important to consider?
a. Purchase price
b. Maintenance
c. Insurance
d. Ability to pay online - ✔✔✔ Correct Answer > Ability to pay online
When dealing with credit during a divorce, which of the following is
FALSE?
a. A divorce decree may specify which party is responsible for repaying
which debts.
b. If one spouse falls behind on payments of a jointly held account, both
parties are responsibilities.
c. Martial status not a factor in credit scoring systems
d. Late payments on jointly held debts will not be reflected on both
credit reports. - ✔✔✔ Correct Answer > Late payments on jointly
held debts will not be reflected on both credit reports.
, Which of the following is the first step of the counseling process?
a. Analyze data
b. Develop a spending plan
c. Collect member data
d. Establish goals and objectives - ✔✔✔ Correct Answer > collect
member data
It is best to divide a budget into which cycle?
a. Daily
b. Monthly
c. Quarterly
d. Annually - ✔✔✔ Correct Answer > monthly
Which of the following provides a credit history including debt
repayment practices for an individual?
a. cash flows
b. net worth
c. debt ration
d. credit report - ✔✔✔ Correct Answer > credit report
ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2025 UPDATE!
Which of the following decision-making tools is the best to use when
considering all forces in favor of or against a plan so a decision can be
made?
a. Essential obligations
b. Cost-benefit analysis
c. Reframing
d. Force-field analysis - ✔✔✔ Correct Answer > Force-filed analysis
Which of the following statements is FALSE regarding the steps that can
help families change habits?
a. Children can be absent from discussions because spending changes
will not affect them.
b. Parents must present a united front when talking with children about
money
,c. Recognizing progress with positive feedback can keep everyone
focused on the goals.
d. Once problem areas are identified, develop strategies to save money.
- ✔✔✔ Correct Answer > Children can be absent from discussions
because spending changes will not affect them.
When determining if a vehicle is affordable, which of the following is
NOT important to consider?
a. Purchase price
b. Maintenance
c. Insurance
d. Ability to pay online - ✔✔✔ Correct Answer > Ability to pay online
When dealing with credit during a divorce, which of the following is
FALSE?
a. A divorce decree may specify which party is responsible for repaying
which debts.
b. If one spouse falls behind on payments of a jointly held account, both
parties are responsibilities.
c. Martial status not a factor in credit scoring systems
d. Late payments on jointly held debts will not be reflected on both
credit reports. - ✔✔✔ Correct Answer > Late payments on jointly
held debts will not be reflected on both credit reports.
, Which of the following is the first step of the counseling process?
a. Analyze data
b. Develop a spending plan
c. Collect member data
d. Establish goals and objectives - ✔✔✔ Correct Answer > collect
member data
It is best to divide a budget into which cycle?
a. Daily
b. Monthly
c. Quarterly
d. Annually - ✔✔✔ Correct Answer > monthly
Which of the following provides a credit history including debt
repayment practices for an individual?
a. cash flows
b. net worth
c. debt ration
d. credit report - ✔✔✔ Correct Answer > credit report
