Ficep Exam Questions And Answers | Complete Solutions Graded A+ 2024/2025
Which cycle describes members who are just surviving and living paycheck to paycheck? Earn/Spend/Earn/Spend
Financial counselors who don't use what they know about hemispheric thinking may fall into the trap of: Presentin...
Ficep Exam Questions And Answers | Complete Solutions Graded A+ 2023 Which cycle describes members who are just surviving and living paycheck to paycheck? ✔✔Earn/Spend/Earn/Spend Financial coun selors who don't use what they know about hemispheric thinking may fall into the trap of: ✔✔Presenting information to a member in a manner that might not be the best way to communicate Using a hard approach, rather than a soft approach, with members: ✔✔Communicates in an orderly, specific, and straight -forward way The Johari Window describes four zones. When working with a member, the Hidden Zone represents: ✔✔Information that is known to the member and not the counselor Which type of counseling should a consumer use when a member is preparing for a large purchase? ✔✔Preventive What is NOT a vital counselor skill? ✔✔Asking close -ended questions An example of pacing is when a counselor: ✔✔Matches the member's energy level What is NOT a step in the change process? ✔✔Not revising the plan What decision making tool is best to use when considering all forces in favor or against a plan so decision can be made? ✔✔Force -field analysis What is the first step of the counseling pro cess? ✔✔Collect member data It is best to divide a budget into which cycle? ✔✔Monthly What provides a credit history including debt repayment practices for an individual? ✔✔Credit report When discussing a member's budget analysis, build in assumptions a nd adjustments to make sure the process allows for a... ✔✔12-month cycle What is not a step that will reduce debt? ✔✔Borrowing money from payday lenders Increasing a monthly payment beyond the minimum required by the credit issuer is known as: ✔✔Paying m ore on the principal One advantage of leasing a car is: ✔✔Locked into a contract When determining if a vehicle is affordable, one should consider the: ✔✔Purchase price, maintenance costs, insurance costs What type of savings helps one cope when the unth inkable occurs? ✔✔Emergency A good action plan includes: ✔✔A list of steps and timeline for the member to complete What is NOT an example of ways members may start saving? ✔✔Increasing living expenses with each new raise One way to overcome a member's o bjection to financial counseling is to: ✔✔Express confidence in member's ability to address the problem You cannot help couples and families who have difficulties talking through money issues by: ✔✔Meeting with members separately for financial counseling What will NOT help families change financial habits? ✔✔Having children be absent from discussions about spending changes T/F: Late payments on jointly held debts will not be reflected on both credit reports ✔✔False Seasonal employees must: ✔✔Plan for ti mes when income is low When you own your own business, accounts payable is the: ✔✔Amount of money you owe others T/F: Becoming an authorized user means that the user is required to acquire debt ✔✔False Your credit report will not include: ✔✔Income and a sset information Identification and employment information does NOT include: ✔✔Race/ethnicity information T/F: Payment history has the least influence on one's credit score ✔✔False - it is the largest influence on an individual's credit score T/F: Inqui ries impact credit scores ✔✔True Individuals with high credit scores: ✔✔Have a low percentage of available revolving credit
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nipsey. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
