FICEP Test Questions and answers Updated
Money avoidance is the idea that money is evil or ______________
>ANSW>undeserved
The idea that money is the way to solve all a member's problems is money
______________ >ANSW>worship
Money ____________ is the member's belief that wealth is tied to self-worth. Money is
seen as a member's way to one-up others. >ANSW>Status
Money vigilance is a member's perceived need for ___________ about their financial
matters. >ANSW>secrecy
The ideal spending cycle a member should strive to be in is _________ /
_______________ / ____________. This group pays themselves first >ANSW>earn
save spend
Factors impacting money _____________ can include childhood experiences,
emotional disorders, out of control spending or ignoring the problem. >ANSW>attitudes
The most basic need members have is ___________________ needs like food, shelter,
and clothing. This is the _____ of the pyramid on Maslow's hierarchy of needs.
>ANSW>physiological, base
The _______ brain sees things in a logical way while the ______ brain may add color
and creativity to the thought process. >ANSW>left, right
A right brain person could benefit from a list with ________________ while you are
sharing information. >ANSW>illustrations
The ____________ zone of the Johari Window includes things known to others
(counselor) but unknown to self (member). >ANSW>blind
The three types of financial counseling are ____________, _______________, and
____________. >ANSW>productive, preventative, and remedial
A counselor should seek to understand all the facts bout a client's circumstances before
generating alternatives using both _____________ and _______________ cues.
>ANSW>verbal, nonverbal
, There are four steps in the member's change process. In sequential order they are:
1. Recognizing the _________ for change.
2. Gather ___________ and introduce new ideas.
3. ______________ plan as needed.
4. Make _____________ a part of the member's habits. >ANSW>Need
information
revise
changes
Help members prioritize essentials so they spend on ___________ instead of
____________. >ANSW>needs, wants
Examining forces for or against a specific action are part of a _____________
______________ _____________________. >ANSW>Force field analysis
The counseling process contains six steps. In sequential order, they are:
1. ____________ member data
2. Establish clear financial _____________ and objectives.
3. _________________ data.
4. _____________ a spending, debt repayment and action plan
5. _______________ plan.
6. Monitor, evaluate, and ______________ as needed. >ANSW>collect
goals
analyze
develop
implement
adjust
a ____________ plan looks at the sources of income and where clients spend their
money. >ANSW>spending
Cash _____ is the term to define money in and out of a client's budget. >ANSW>flow
T or F
At least 3 recent paycheck stubs should be reviewed when gathering a member's
financial information. >ANSW>True
When analyzing expenses it is important to consider a 12 month cycle to take
____________ ______________ into account which include rising utility costs for
additional air in the summer and heat in winter as well as back to school expenses
every fall. >ANSW>seasonal variations
Options for increasing ______________ include working overtime, getting a second job,
selling something and setting long term goals >ANSW>income
Money avoidance is the idea that money is evil or ______________
>ANSW>undeserved
The idea that money is the way to solve all a member's problems is money
______________ >ANSW>worship
Money ____________ is the member's belief that wealth is tied to self-worth. Money is
seen as a member's way to one-up others. >ANSW>Status
Money vigilance is a member's perceived need for ___________ about their financial
matters. >ANSW>secrecy
The ideal spending cycle a member should strive to be in is _________ /
_______________ / ____________. This group pays themselves first >ANSW>earn
save spend
Factors impacting money _____________ can include childhood experiences,
emotional disorders, out of control spending or ignoring the problem. >ANSW>attitudes
The most basic need members have is ___________________ needs like food, shelter,
and clothing. This is the _____ of the pyramid on Maslow's hierarchy of needs.
>ANSW>physiological, base
The _______ brain sees things in a logical way while the ______ brain may add color
and creativity to the thought process. >ANSW>left, right
A right brain person could benefit from a list with ________________ while you are
sharing information. >ANSW>illustrations
The ____________ zone of the Johari Window includes things known to others
(counselor) but unknown to self (member). >ANSW>blind
The three types of financial counseling are ____________, _______________, and
____________. >ANSW>productive, preventative, and remedial
A counselor should seek to understand all the facts bout a client's circumstances before
generating alternatives using both _____________ and _______________ cues.
>ANSW>verbal, nonverbal
, There are four steps in the member's change process. In sequential order they are:
1. Recognizing the _________ for change.
2. Gather ___________ and introduce new ideas.
3. ______________ plan as needed.
4. Make _____________ a part of the member's habits. >ANSW>Need
information
revise
changes
Help members prioritize essentials so they spend on ___________ instead of
____________. >ANSW>needs, wants
Examining forces for or against a specific action are part of a _____________
______________ _____________________. >ANSW>Force field analysis
The counseling process contains six steps. In sequential order, they are:
1. ____________ member data
2. Establish clear financial _____________ and objectives.
3. _________________ data.
4. _____________ a spending, debt repayment and action plan
5. _______________ plan.
6. Monitor, evaluate, and ______________ as needed. >ANSW>collect
goals
analyze
develop
implement
adjust
a ____________ plan looks at the sources of income and where clients spend their
money. >ANSW>spending
Cash _____ is the term to define money in and out of a client's budget. >ANSW>flow
T or F
At least 3 recent paycheck stubs should be reviewed when gathering a member's
financial information. >ANSW>True
When analyzing expenses it is important to consider a 12 month cycle to take
____________ ______________ into account which include rising utility costs for
additional air in the summer and heat in winter as well as back to school expenses
every fall. >ANSW>seasonal variations
Options for increasing ______________ include working overtime, getting a second job,
selling something and setting long term goals >ANSW>income
