FICEP EXAM QUESTIONS AND
ANSWERS WITH VERIFIED
SOLUTIONS 100% CORRECT
"Safety-net savings" is designed to help members:
a. Through a period of reduced or lost income.
b. Pay for occasional or periodic expenses.
c. Reach a long-term goal.
d. Sustain income during retirement. - correct
answer- Through a period of reduced or lost income.
A good action pan includes:
a. the counselor completing a budget and giving it to the
member
b. a list of steps and timeline for the member to complete
c. a list of family members to contact
d. the counselor making creditor calls - correct
answer- a list of steps and timeline for the member
to complete
,A rule of thumb for education funding is known as the:
a. savings principles
b. Savings rule
c. Rule of thirds
d. Rule of fourths - correct answer- Tule of
thirds
An example of pacing is when a counselor:
a. wears the same type of clothing as the member.
b. matches the member's tone.
c. matches the member's energy level.
d. agrees with everything the member says. - correct
answer- Matches the member's energy level
Financial counselors who don't use what they know about
hemispheric thinking may fall into the trap of:
a. Assuming the member will succeed if they work with
the counsellor
, b. Asking too many questions
c. Telling the member what they should do
d. Presenting information to a member in a manner that
might not be the best way to communicate - correct
answer- presenting information to a member in a
manner that might not be the best way to communicate
How many steps are in the change process?
a. 3
b. 4
c. 5
d. 6 - correct answer- 4
Identification and employment information includes all
EXCEPT
a. Name
b. Date of birth
c. Spouse's name
ANSWERS WITH VERIFIED
SOLUTIONS 100% CORRECT
"Safety-net savings" is designed to help members:
a. Through a period of reduced or lost income.
b. Pay for occasional or periodic expenses.
c. Reach a long-term goal.
d. Sustain income during retirement. - correct
answer- Through a period of reduced or lost income.
A good action pan includes:
a. the counselor completing a budget and giving it to the
member
b. a list of steps and timeline for the member to complete
c. a list of family members to contact
d. the counselor making creditor calls - correct
answer- a list of steps and timeline for the member
to complete
,A rule of thumb for education funding is known as the:
a. savings principles
b. Savings rule
c. Rule of thirds
d. Rule of fourths - correct answer- Tule of
thirds
An example of pacing is when a counselor:
a. wears the same type of clothing as the member.
b. matches the member's tone.
c. matches the member's energy level.
d. agrees with everything the member says. - correct
answer- Matches the member's energy level
Financial counselors who don't use what they know about
hemispheric thinking may fall into the trap of:
a. Assuming the member will succeed if they work with
the counsellor
, b. Asking too many questions
c. Telling the member what they should do
d. Presenting information to a member in a manner that
might not be the best way to communicate - correct
answer- presenting information to a member in a
manner that might not be the best way to communicate
How many steps are in the change process?
a. 3
b. 4
c. 5
d. 6 - correct answer- 4
Identification and employment information includes all
EXCEPT
a. Name
b. Date of birth
c. Spouse's name
