FICEP 2024 SIXTH EDITION
Describe lively listening, what are the processes to confirm records? (CHAPTER 7) -
ANS-Tactics to confirm information include:
1. Restating or paraphrasing: These may be used to verify one is aware what a member is
attempting to carry.
2. Summarizing: To enhance communication, summarize the important thing issues. This
facilitates the counselor highlight key statistics and stay on top of things of the session,
particularly while working on a decent schedule.
Describe tough and smooth methods. (2) (CHAPTER 7) - ANS-• Hard approach:
communicates in ways which might be orderly, unique, and simple. It might also sometimes
be perceived as competitive. Reason and good judgment have a tendency to dominate the
hard technique to conversation.
• Soft approach: offers opportunities and recommendations, averting absolutes or directives.
Review the Financial Literacy topics by lifestyles degree chart. (CHAPTER 13) PG. 42 -
ANS-Review the Financial Literacy topics by using life stage chart. (CHAPTER thirteen) PG.
42
What are the three kinds of counseling? Describe them. (CHAPTER 9) - ANS-1. Remedial
counseling facilitates individuals cope with debt they can not have enough money or terrible
money management.
2. Preventive counseling facilitates contributors with desirable economic habits manage
economic challenges because of life adjustments. Preventive counseling also may be used
to prepare contributors for massive purchases.
Three. Productive counseling facilitates members discover the best methods to use their
resources to enhance economic repute. Productive counseling often is needed whilst
someone suddenly acquires assets.
What are the five C's of credit score? (CHAPTER 12) - ANS-1. Character is primarily based
on goal measures of beyond behavior likely to have an effect on an character's monetary
actions: period of residency, period of employment, nature of credit score history, and
frequency of credit inquiries.
2. Capacity suggests how plenty debt a member can realistically repay, based totally on
modern income and expenses.
3. Capital is the quantity of cash a member has.
4. Collateral is an object that may be taken and bought by a lender if a borrower fails to pay
as agreed, generally a vehicle or a residence. Thus, secured loans are at ease due to the
fact the lender will take the collateral.
Five. Conditions is the reason of the loan, quantity being asked for, modern-day interest
charges, and state of the economy.
What are the conversation principles? (three) (CHAPTER 7) - ANS-1. Paralanguage.
2. Selective notion.
3. Patterned Responses.
What are the middle truths of creating a strong monetary future? ( CHAPTER 8) - ANS-1.
Not every person desires debt to stay lavishly.
2. Choosing a different course can cause economic freedom.
Describe lively listening, what are the processes to confirm records? (CHAPTER 7) -
ANS-Tactics to confirm information include:
1. Restating or paraphrasing: These may be used to verify one is aware what a member is
attempting to carry.
2. Summarizing: To enhance communication, summarize the important thing issues. This
facilitates the counselor highlight key statistics and stay on top of things of the session,
particularly while working on a decent schedule.
Describe tough and smooth methods. (2) (CHAPTER 7) - ANS-• Hard approach:
communicates in ways which might be orderly, unique, and simple. It might also sometimes
be perceived as competitive. Reason and good judgment have a tendency to dominate the
hard technique to conversation.
• Soft approach: offers opportunities and recommendations, averting absolutes or directives.
Review the Financial Literacy topics by lifestyles degree chart. (CHAPTER 13) PG. 42 -
ANS-Review the Financial Literacy topics by using life stage chart. (CHAPTER thirteen) PG.
42
What are the three kinds of counseling? Describe them. (CHAPTER 9) - ANS-1. Remedial
counseling facilitates individuals cope with debt they can not have enough money or terrible
money management.
2. Preventive counseling facilitates contributors with desirable economic habits manage
economic challenges because of life adjustments. Preventive counseling also may be used
to prepare contributors for massive purchases.
Three. Productive counseling facilitates members discover the best methods to use their
resources to enhance economic repute. Productive counseling often is needed whilst
someone suddenly acquires assets.
What are the five C's of credit score? (CHAPTER 12) - ANS-1. Character is primarily based
on goal measures of beyond behavior likely to have an effect on an character's monetary
actions: period of residency, period of employment, nature of credit score history, and
frequency of credit inquiries.
2. Capacity suggests how plenty debt a member can realistically repay, based totally on
modern income and expenses.
3. Capital is the quantity of cash a member has.
4. Collateral is an object that may be taken and bought by a lender if a borrower fails to pay
as agreed, generally a vehicle or a residence. Thus, secured loans are at ease due to the
fact the lender will take the collateral.
Five. Conditions is the reason of the loan, quantity being asked for, modern-day interest
charges, and state of the economy.
What are the conversation principles? (three) (CHAPTER 7) - ANS-1. Paralanguage.
2. Selective notion.
3. Patterned Responses.
What are the middle truths of creating a strong monetary future? ( CHAPTER 8) - ANS-1.
Not every person desires debt to stay lavishly.
2. Choosing a different course can cause economic freedom.
