FICEP FINAL ; CUNA REVIEW
QUESTIONS AND VERIFIED
ANSWERS; GET IT 100% ACCURATE
A Durable Power of Attorney for Health Care is
recommended for any individual over the age of.. -
correct answer- 18
According to the General Accountability Office, how do
men and women typically end up financially in a divorce?
- correct answer- Women's household income
declines on average about 41% and men's about 20%
According tot he 2013 consumer Literacy survey, what
impact did the Great Recession have on American's
confidence in their money management skills? -
correct answer- 40% of respondents gave
themselves a C, D, or F on their money management skills.
As a guardian of the person, you would be responsible
for.. - correct answer- housing and living
conditions; seeing the individual gets proper medical care
,Choose the correct ranking of investments based on
typical performance in order of lower risk to higher risk.
- correct answer- Savings account, life insurance,
and mutual funds.
Effective marketers understand that consumers' buying
decisions are generally driven by... - correct
answer- their values.
For people without life insurance, now is usually the best
time to buy because.. - correct answer-
insurance availability declines as people grow older and
their health declines.
For the average American family, how much of the budget
is given to transportation costs? - correct answer-
Almost 1/5 of the budget.
From the perspective of your financial well-being, what is
the best way to decide whether or not you should insure a
,particular item? - correct answer- Consider the
risk to your assets.
How can a member manage retirement savings to keep up
with inflation? - correct answer- They can take
appropriate investment risks, keep costs low, and
diversify investments.
How can a policyholder obtain additional insurance
protection for items such as antiques or guns that might
otherwise have only limited insurance reimbursement for
theft or loss due to policy limits? - correct answer-
Purchase a schedule policy rider, or "schedule" the items.
How can homeowners lower the cost of obtaining
insurance? - correct answer- By finding
discounts and doing comparison shopping.
How can members be successful with their long-term
financial health? - correct answer- They can give
up big spending and instead spend wisely.
, How can members in a financial bind manage their credit
cards to maintain a good credit score? - correct
answer- They should pay on time, even if they can
only afford the minimum payment.
How can members in financial difficulty regain the respect
of borrowers and merchants? - correct answer-
They must pay bills on time.
How can members reduce auto insurance premiums
without violating state laws? - correct answer-
Comparison shop, increase the deductible, or find
discounts.
How can role-playing support financial changes within a
family? - correct answer- It prepares family
members for situations where they must say "no" or take
a different approach to restrain spending.
How can you reduce the cost of owning or renting a place
to live? - correct answer- Get a roommate or
QUESTIONS AND VERIFIED
ANSWERS; GET IT 100% ACCURATE
A Durable Power of Attorney for Health Care is
recommended for any individual over the age of.. -
correct answer- 18
According to the General Accountability Office, how do
men and women typically end up financially in a divorce?
- correct answer- Women's household income
declines on average about 41% and men's about 20%
According tot he 2013 consumer Literacy survey, what
impact did the Great Recession have on American's
confidence in their money management skills? -
correct answer- 40% of respondents gave
themselves a C, D, or F on their money management skills.
As a guardian of the person, you would be responsible
for.. - correct answer- housing and living
conditions; seeing the individual gets proper medical care
,Choose the correct ranking of investments based on
typical performance in order of lower risk to higher risk.
- correct answer- Savings account, life insurance,
and mutual funds.
Effective marketers understand that consumers' buying
decisions are generally driven by... - correct
answer- their values.
For people without life insurance, now is usually the best
time to buy because.. - correct answer-
insurance availability declines as people grow older and
their health declines.
For the average American family, how much of the budget
is given to transportation costs? - correct answer-
Almost 1/5 of the budget.
From the perspective of your financial well-being, what is
the best way to decide whether or not you should insure a
,particular item? - correct answer- Consider the
risk to your assets.
How can a member manage retirement savings to keep up
with inflation? - correct answer- They can take
appropriate investment risks, keep costs low, and
diversify investments.
How can a policyholder obtain additional insurance
protection for items such as antiques or guns that might
otherwise have only limited insurance reimbursement for
theft or loss due to policy limits? - correct answer-
Purchase a schedule policy rider, or "schedule" the items.
How can homeowners lower the cost of obtaining
insurance? - correct answer- By finding
discounts and doing comparison shopping.
How can members be successful with their long-term
financial health? - correct answer- They can give
up big spending and instead spend wisely.
, How can members in a financial bind manage their credit
cards to maintain a good credit score? - correct
answer- They should pay on time, even if they can
only afford the minimum payment.
How can members in financial difficulty regain the respect
of borrowers and merchants? - correct answer-
They must pay bills on time.
How can members reduce auto insurance premiums
without violating state laws? - correct answer-
Comparison shop, increase the deductible, or find
discounts.
How can role-playing support financial changes within a
family? - correct answer- It prepares family
members for situations where they must say "no" or take
a different approach to restrain spending.
How can you reduce the cost of owning or renting a place
to live? - correct answer- Get a roommate or
