FICEP Test Exam Questions With Revised
Answers
Money avoidance is the idea that money is evil or ______________ - answerundeserved
The idea that money is the way to solve all a member's problems is money ______________ -
answerworship
Money ____________ is the member's belief that wealth is ti...
Money avoidance is the idea that money is evil or ______________ - answer✔✔undeserved
The idea that money is the way to solve all a member's problems is money ______________ -
answer✔✔worship
Money ____________ is the member's belief that wealth is tied to self-worth. Money is seen as a
member's way to one-up others. - answer✔✔Status
Money vigilance is a member's perceived need for ___________ about their financial matters. -
answer✔✔secrecy
The ideal spending cycle a member should strive to be in is _________ / _______________ /
____________. This group pays themselves first - answer✔✔earn save spend
Factors impacting money _____________ can include childhood experiences, emotional
disorders, out of control spending or ignoring the problem. - answer✔✔attitudes
The most basic need members have is ___________________ needs like food, shelter, and
clothing. This is the _____ of the pyramid on Maslow's hierarchy of needs. -
answer✔✔physiological, base
The _______ brain sees things in a logical way while the ______ brain may add color and
creativity to the thought process. - answer✔✔left, right
A right brain person could benefit from a list with ________________ while you are sharing
information. - answer✔✔illustrations
The ____________ zone of the Johari Window includes things known to others (counselor) but
unknown to self (member). - answer✔✔blind
The three types of financial counseling are ____________, _______________, and
____________. - answer✔✔productive, preventative, and remedial
A counselor should seek to understand all the facts bout a client's circumstances before
generating alternatives using both _____________ and _______________ cues. -
answer✔✔verbal, nonverbal
4. Make _____________ a part of the member's habits. - answer✔✔Need
information
revise
changes
Help members prioritize essentials so they spend on ___________ instead of ____________. -
answer✔✔needs, wants
Examining forces for or against a specific action are part of a _____________ ______________
_____________________. - answer✔✔Force field analysis
The counseling process contains six steps. In sequential order, they are:
1. ____________ member data
2. Establish clear financial _____________ and objectives.
3. _________________ data.
4. _____________ a spending, debt repayment and action plan
5. _______________ plan.
6. Monitor, evaluate, and ______________ as needed. - answer✔✔collect
goals
analyze
develop
implement
adjust
a ____________ plan looks at the sources of income and where clients spend their money. -
answer✔✔spending
Cash _____ is the term to define money in and out of a client's budget. - answer✔✔flow
T or F
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