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FICEP Final exam Study Guide with Complete Solutions

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FICEP Final exam Study Guide with Complete Solutions Lien - Answer️️ -If a debtor files a _________ on your property you will will unable to sell or dispose of it without arrangements on the debt. Poor financial habits - Answer️️ -Spending too much, saving too little, carrying too much...

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  • September 18, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Ficep
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

FICEP Final exam Study Guide with
Complete Solutions

Lien - Answer✔️✔️-If a debtor files a _________ on your property you will will unable to

sell or dispose of it without arrangements on the debt.


Poor financial habits - Answer✔️✔️-Spending too much, saving too little, carrying too

much debt, reliance on othersm and caring to little about finance.

Money avoidance - Answer✔️✔️-The view that money us evil or undeserved

Money worship - Answer✔️✔️-The belief that money is synonymous with happiness and

success

Money status - Answer✔️✔️-Associates wealth with self-worth.

Money Vigilance - Answer✔️✔️-Perceived need for secrecy about one's financial

wellness.

Earn/spend/earn - Answer✔️✔️-Living paycheck to paycheck.

Dividing paycheck into specific spending categories. "Capturing" money before it can be

spent. - Answer✔️✔️-How do you combat earn/spend/earn patterns?

Earn/spend/borrow/spend - Answer✔️✔️-Confuse wants with needs. Relying on debt to

establish and maintain the standard of living they feel they deserve.

Earn/spend/save - Answer✔️✔️-Savings is low priority. Rarely enough money.

Identify reasons to save. - Answer✔️✔️-How can you combat Earn/spend/save patterns?

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Earn/save/spend - Answer✔️✔️-Pay yourself first. Saving money immediately. Budget

and spend what is left.

behavioral influences - Answer✔️✔️-Learned patterns, parents, society, creditors, lenders

are examples of ______________ ________________.

Expand - Answer✔️✔️-Financial counselors should seek to help members

______________ their perspective to see other possibilities that could improve their

financial health.

Conscious mind - Answer✔️✔️-Correlates to the left hemisphere. Orderly and systematic

center for processing info provided by the senses. Directed with a focused activity.

Unconscious mind - Answer✔️✔️-Correlates to the right hemisphere and provides

autonomic processing, which controls functions of the body that continually work in the

background such as breathing.

Hard Approach - Answer✔️✔️-Correlates to the left, analytical side. Communicates in

ways that are orderly, specific, and straight-forward. Often assertive.

Soft Approach - Answer✔️✔️-Correlates with the right, creative side. Offers possibilities

and suggestions. Avoids absolutes or directives.

Open - Answer✔️✔️-Term for information that is known to a counselor and member.

Blind - Answer✔️✔️-Information a counselor knows and a member does not.

Hidden - Answer✔️✔️-Information the member knows and chooses not to share.

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Remedial counseling - Answer✔️✔️-Type of counseling that helps members cope with

debt they cannot afford or poor management. Often required in financial emergencies.

Preventive counseling - Answer✔️✔️-Type of counseling that helps members with good

financial habits manage financial challenges due to life changes. Can be used to

prepare members for a large purchase.

Productive counseling - Answer✔️✔️-Type of counseling that helps members identify the

best way to use their resources to improve their financial status. Often needed when

someone suddenly acquires assets.

Budget - Answer✔️✔️-Used to determine how funds will be allocated and makes it

possible to restrain spending so money is available to meet living expenses, repay debt,

and meet other goals.

Perceptive - Answer✔️✔️-Counselors must ask _______________ questions. These are

the key to helping members recognize attitudes and practices that undermine their

financial status.

Nonverbal - Answer✔️✔️-Counselors need to observe __________________ cues.

Pacing - Answer✔️✔️-Counselors use _____________ to create a feeling of connection

with a member by matching physical characteristics and unconscious movements.

Blending - Answer✔️✔️-Counselors use ____________ to display communication

patterns that match a member's, such as speech rate, tone, and vocabulary.

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