In what circumstances should members be advised not to make
important financial decisions? –ANSWER-When emotions are
running high
Which of the following is not an influence that family might have on
someone's attitude towards money?
-ANSWER-Number of children in the family.
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Identify the most desirable type of money cycle.
-ANSWER-Earn/Save/Spend
Select the best description of members who fall into the category of
"spending too much."
-ANSWER.They fail to track spending and don't separate wants from
needs.
Why is it important for financial counselors to understand selective
perception?
-ANSWER-Because it helps financial counselors assist members to
expand their perspective to see the possibilities available to them.
What function does the left hemisphere of the brain primarily handle?
-ANSWER-Logical and analytical thinking.
When using what you know about hemispheric thinking, how should
information be presented to members?
The information should be presented in a variety of ways-ANSWER.
,8. Which roles are typically associated with the conscious and the
unconscious minds?
The conscious usually handles focused activity, while the
unconscious solves problems behind the scenes. –ANSWER.
What is money vigilance?
The need to be secretive about one's finances. –ANSWER.
10. Select the correct description of the hidden zone in the Johari
Window.
It contains information that is known to you, but unknown to others.-
ANSWER.
1. When a member feels they are being judged by the financial
counselor for their poor financial practices, how does this impact the
counseling session?
It makes the member reluctant to share financial information.-
ANSWER.
2. How can a financial counselor effectively use questions as part of a
financial counseling session?
Questions should be used to help members examine options. –
ANSWER.
3. Which statement best describes the role of remedial counseling?
It is used to help members cope with debt problems and poor money
management. –ANSWER.
4. What is a force field analysis decision making model?
It is the method used to view all forces in favor of or against a plan, so
that a decision can be made. –ANSWER.
, 5. Which of the following best describes how the cost-benefit analysis
method helps members determine whether or not a proposed
solution is beneficial?
The costs and benefits of alternatives are examined and rated for
success or failure. –ANSWER.
6. Which of the following examples illustrates a counselor using the
skill of "scaling"?
"On a scale of 1 to 10, where 10 is high, how would you rate this
solution?" –ANSWER.
7. What is the appropriate way for a counselor to use blending, when
working with a member?
The counselor uses communication patterns that match the
member's. –ANSWER.
8. Which of the following is not a good way to Tademonstrate to the
member that you are listening to them?
Take notes while the member is talking. –ANSWER.
9. When a member feels they are being judged by the financial
counselor for their poor financial management practices, how does
this impact the counseling session?
It makes the member reluctant to share financial information or follow
recommendations. –ANSWER.
10. When meeting with members, how can a financial counselor
keep the focus on finances?
The counselor should control the interview and interactions with
members.
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