FICEP Exam Study Guide with Complete
Solutions
Right side of the brain - Answer️️ -This side of the brain processes creativity, patterns,
spatial awareness, context
Financial Planning - Answer️️ -Helps members make the most of their incomes to
accomplish long term goals, including savi...
Binary decision making - Answer✔️✔️-Compares two elements: the "absolutes" with the
"nice-to-haves"
Reframing - Answer✔️✔️-Involves putting a new frame around a life event to help the
member see it in a different way.
Scaling - Answer✔️✔️-Rating systems individuals use to assign a numerical rank to their
needs, goals, or their level of motivation. This can help determine the value of specific
action or goal, as well as it's priority in their plans for spending, saving, and debt.
Blending - Answer✔️✔️-To display communication patterns that match those of the
member, such as the rate of speech, tonality, vocabulary, and individual patterns of
expressions.
Pacing - Answer✔️✔️-To create a feeling of connection with the member by matching
physical characteristics, such as their general posture, their general energy level, and
even unconscious movements such as blinking or breahting.
Debt Ratios - Answer✔️✔️-Compare total debt to annual income to show whether a
member can afford new debt.
Public Record Information - Answer✔️✔️-Includes bankruptcies, foreclosures, tax liens,
and judgments.
Capacity - Answer✔️✔️-How much debt an individual can realistically repay based on
current income and expenses.
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 EmillyCharlotte. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
