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FICEP Final exam Questions and Correct
Answers/ Latest Update / Already Graded
If a debtor files a _________ on your property you will will unable to
sell or dispose of it without arrangements on the debt.
Ans: Lien
Spending too much, saving too little, carrying too much debt, reliance
on othersm and caring to little about finance.
Ans: Poor financial habits
The view that money us evil or undeserved
Ans: Money avoidance
The belief that money is synonymous with happiness and success
Ans: Money worship
Associates wealth with self-worth.
Ans: Money status
Perceived need for secrecy about one's financial wellness.
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Ans: Money Vigilance
Living paycheck to paycheck.
Ans: Earn/spend/earn
How do you combat earn/spend/earn patterns?
Ans: Dividing paycheck into specific spending categories.
"Capturing" money before it can be spent.
Confuse wants with needs. Relying on debt to establish and maintain
the standard of living they feel they deserve.
Ans: Earn/spend/borrow/spend
Savings is low priority. Rarely enough money.
Ans: Earn/spend/save
How can you combat Earn/spend/save patterns?
Ans: Identify reasons to save.
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Pay yourself first. Saving money immediately. Budget and spend what
is left.
Ans: Earn/save/spend
Learned patterns, parents, society, creditors, lenders are examples of
______________ ________________.
Ans: behavioral influences
Financial counselors should seek to help members ______________
their perspective to see other possibilities that could improve their
financial health.
Ans: Expand
Correlates to the left hemisphere. Orderly and systematic center for
processing info provided by the senses. Directed with a focused
activity.
Ans: Conscious mind
Correlates to the right hemisphere and provides autonomic processing,
which controls functions of the body that continually work in the
background such as breathing.
Ans: Unconscious mind
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Correlates to the left, analytical side. Communicates in ways that are
orderly, specific, and straight-forward. Often assertive.
Ans: Hard Approach
Correlates with the right, creative side. Offers possibilities and
suggestions. Avoids absolutes or directives.
Ans: Soft Approach
Term for information that is known to a counselor and member.
Ans: Open
Information a counselor knows and a member does not.
Ans: Blind
Information the member knows and chooses not to share.
Ans: Hidden
Type of counseling that helps members cope with debt they cannot
afford or poor management. Often required in financial emergencies.
All rights reserved © 2025/ 2026 |
FICEP Final exam Questions and Correct
Answers/ Latest Update / Already Graded
If a debtor files a _________ on your property you will will unable to
sell or dispose of it without arrangements on the debt.
Ans: Lien
Spending too much, saving too little, carrying too much debt, reliance
on othersm and caring to little about finance.
Ans: Poor financial habits
The view that money us evil or undeserved
Ans: Money avoidance
The belief that money is synonymous with happiness and success
Ans: Money worship
Associates wealth with self-worth.
Ans: Money status
Perceived need for secrecy about one's financial wellness.
All rights reserved © 2025/ 2026 |
, Page |2
Ans: Money Vigilance
Living paycheck to paycheck.
Ans: Earn/spend/earn
How do you combat earn/spend/earn patterns?
Ans: Dividing paycheck into specific spending categories.
"Capturing" money before it can be spent.
Confuse wants with needs. Relying on debt to establish and maintain
the standard of living they feel they deserve.
Ans: Earn/spend/borrow/spend
Savings is low priority. Rarely enough money.
Ans: Earn/spend/save
How can you combat Earn/spend/save patterns?
Ans: Identify reasons to save.
All rights reserved © 2025/ 2026 |
, Page |3
Pay yourself first. Saving money immediately. Budget and spend what
is left.
Ans: Earn/save/spend
Learned patterns, parents, society, creditors, lenders are examples of
______________ ________________.
Ans: behavioral influences
Financial counselors should seek to help members ______________
their perspective to see other possibilities that could improve their
financial health.
Ans: Expand
Correlates to the left hemisphere. Orderly and systematic center for
processing info provided by the senses. Directed with a focused
activity.
Ans: Conscious mind
Correlates to the right hemisphere and provides autonomic processing,
which controls functions of the body that continually work in the
background such as breathing.
Ans: Unconscious mind
All rights reserved © 2025/ 2026 |
, Page |4
Correlates to the left, analytical side. Communicates in ways that are
orderly, specific, and straight-forward. Often assertive.
Ans: Hard Approach
Correlates with the right, creative side. Offers possibilities and
suggestions. Avoids absolutes or directives.
Ans: Soft Approach
Term for information that is known to a counselor and member.
Ans: Open
Information a counselor knows and a member does not.
Ans: Blind
Information the member knows and chooses not to share.
Ans: Hidden
Type of counseling that helps members cope with debt they cannot
afford or poor management. Often required in financial emergencies.
All rights reserved © 2025/ 2026 |
