Ficep vocabulary - Study guides, Class notes & Summaries

Assets Items owned by the credit union that provide benefits to the credit union. Examples - loans, investments, real estate, and accounts receivable. Bankruptcy A court action declaring a person free of most debt, due to the inability of the person to pay. Budget A financial plan serving as an estimate of income, expenses, and cash flow that serves as a vehicle or tool to assist a family in taking control of their financial situation and future. Cash Flow A person's pa...

FICEP VOCABULARY (MIDTERM) WITH COMPLETE VERIFIED SOLUTIONS Assets - answer Items owned by the credit union that provide benefits to the credit union. Examples - loans, investments, real estate, and accounts receivable. Bankruptcy - answer A court action declaring a person free of most debt, due to the inability of the person to pay. Budget - answer A financial plan serving as an estimate of income, expenses, and cash flow that serves as a vehicle or tool to assist a family in taking co...

2024 FICEP Study Guide Part 1 Questions and Answers 100% Correct Which spending cycle is the preferred one to be in? Earn/Save/Spend concious mind left hemisphere, center for processing sensory info Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:07 / 0:15 Full screen unconscious mind Right hemisphere, autonomic processing Hard approach left/analytic side, assertive/orderly/straightforward Soft approach Ri...

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 saving and investing for retirement. Debt Counseling - Answer️️ -Helps members learn possible ways to structure their debt. Credit Counseling - Answer️️ -Helps members manage spending in a way t...

FICEP FINAL EXAM 2024 MOST TESTED QUESTIONS COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS GET ALL 100% CORRECT If a debtor files a _________ on your property you will will unable to sell or dispose of it without arrangements on the debt. - Answer-Lien Spending too much, saving too little, carrying too much debt, reliance on othersm and caring to little about finance. - Answer-Poor financial habits The view that money us evil or undeserved - Answer-Money avoidance The belief tha...