FICEP Test 2023 Questions and Answers Complete
Money avoidance is the idea that money is evil or ______________
undeserved
The idea that money is the way to solve all a member's problems is money
______________
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.
Status
Money vigilance is a member's perceived need for ___________ about their
financial matters.
secrecy
The ideal spending cycle a member should strive to be in is _________ /
_______________ / ____________. This group pays themselves first
earn save spend
Factors impacting money _____________ can include childhood experiences,
emotional disorders, out of control spending or ignoring the problem.
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.
physiological, base
The _______ brain sees things in a logical way while the ______ brain may add
color and creativity to the thought process.
left, right
A right brain person could benefit from a list with ________________ while you
are sharing information.
illustrations
The ____________ zone of the Johari Window includes things known to others
(counselor) but unknown to self (member).
blind
The three types of financial counseling are ____________, _______________, and
____________.
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.
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.
, Need
information
revise
changes
Help members prioritize essentials so they spend on ___________ instead of
____________.
needs, wants
Examining forces for or against a specific action are part of a _____________
______________ _____________________.
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.
collect
goals
analyze
develop
implement
adjust
a ____________ plan looks at the sources of income and where clients spend
their money.
spending
Cash _____ is the term to define money in and out of a client's budget.
flow
T or F
At least 3 recent paycheck stubs should be reviewed when gathering a member's
financial information.
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.
seasonal variations
Options for increasing ______________ include working overtime, getting a
second job, selling something and setting long term goals
income
Accelerating debt repayment can be done by paying more on principal, rolling up
payments of the same amount monthly, or paying off ____________
_____________ debts first.
high interest
Money avoidance is the idea that money is evil or ______________
undeserved
The idea that money is the way to solve all a member's problems is money
______________
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.
Status
Money vigilance is a member's perceived need for ___________ about their
financial matters.
secrecy
The ideal spending cycle a member should strive to be in is _________ /
_______________ / ____________. This group pays themselves first
earn save spend
Factors impacting money _____________ can include childhood experiences,
emotional disorders, out of control spending or ignoring the problem.
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.
physiological, base
The _______ brain sees things in a logical way while the ______ brain may add
color and creativity to the thought process.
left, right
A right brain person could benefit from a list with ________________ while you
are sharing information.
illustrations
The ____________ zone of the Johari Window includes things known to others
(counselor) but unknown to self (member).
blind
The three types of financial counseling are ____________, _______________, and
____________.
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.
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.
, Need
information
revise
changes
Help members prioritize essentials so they spend on ___________ instead of
____________.
needs, wants
Examining forces for or against a specific action are part of a _____________
______________ _____________________.
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.
collect
goals
analyze
develop
implement
adjust
a ____________ plan looks at the sources of income and where clients spend
their money.
spending
Cash _____ is the term to define money in and out of a client's budget.
flow
T or F
At least 3 recent paycheck stubs should be reviewed when gathering a member's
financial information.
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.
seasonal variations
Options for increasing ______________ include working overtime, getting a
second job, selling something and setting long term goals
income
Accelerating debt repayment can be done by paying more on principal, rolling up
payments of the same amount monthly, or paying off ____________
_____________ debts first.
high interest
