1j|jPj aj gj e
FICEP FINAL EXAM 2024 ACTUAL EXAM 2 VERSIONS (V
j j j j j j j j
ERSION A AND B) COMPLETE 400 QUESTIONS WITH DET
j j j j j j j j
AILED VERIFIED ANSWERS (100% CORRECT ANSWERS
j j j j j
) ALREADY GRADED A+ j j j
Which of the following is the first step of the counseling process?
j j j j j j j j j j j
a. Analyze data j
b. Develop a spending plan j j j
c. Collectmember data j j
d. Establish goals and objectives - CORRECT ANSWER
j j j j j j
>>>>collectmemberdata j j
It is best to divide a budget into which cycle?
j j j j j j j j j
a. Daily
b. Monthly
c. Quarterly
d. Annually -CORRECT ANSWER >>>>monthly j j j j
,2j|jPj aj gj e
Which of the following provides a credit history including debt re
j j j j j j j j j j
payment practices for an individual? j j j j
a. cash flows j
b. net worth j
c. debt ration j
d. credit report -CORRECT ANSWER >>>>credit report
j j j j j j
When discussing a member's budget analysis build in assumpti
j j j j j j j j
ons and adjustments to make sure the process allows for a
j j j j j j j j j j
a. 12 month cyclej j
b. 24 - month cycle
j j j
c. 36- month cycle j j
d. 48 - month cycle - CORRECT ANSWER >>>>12 month cycle
j j j j j j j j j
Which of the following is NOT a step that will reduce debt?
j j j j j j j j j j j
a. Set goals j
b. Stop creating debt j j
c. Borrow money frompayday lenders j j j j
d. Consolidate credit cards - j j j
CORRECT ANSWER >>>>Borrow money from payday lenders
j j j j j j j
Increasing a monthly payment beyond the minimum required b j j j j j j j j
y the credit issuer is known as:
j j j j j j
,3j|jPj aj gj e
a. paying more on the principal.
j j j j
b. rolling up the payment. j j j
c. payingthe high-interest debts first.
j j j j
d. payingthe largest debt first. - CORRECT ANSWER
j j j j j j j
>>>>payingmore on the principal j j j j
One disadvantage of leasing a car is
j j j j j j
a. equity builds every month
j j j
b. inconsistent monthlypayments j j
c. locked into a contract j j j
d. no factory warranty -
j j j
CORRECT ANSWER >>>>locked into a contract
j j j j j j
Which cycle describes members who are just surviving and living
j j j j j j j j j
paycheck to paycheck?
j j j
a. Earn/spend/earn/spend
b. earn/spend/borrow/spend
c. earn/spend/save
d. earn/borrow/spend/save-CORRECTANSWER j j j
>>>>Earn/Spend/earn/spend
Financial counselors who don't use what they know about hemi
j j j j j j j j j
spheric thinking may fall into the trap of:
j j j j j j j
, 4j|jPj aj gj e
a. Assuming the member will succeed if they work with the couj j j j j j j j j j
nsellor
b. Asking too many questions j j j
c. Telling the member what they should do
j j j j j j
d. Presenting information to a member in a manner that mi j j j j j j j j j
ght not be the best way to communicate -
j j j j j j j j
CORRECT ANSWER >>>>presenting information to a mem
j j j j j j j
ber in a manner that might not be the best way to communic
j j j j j j j j j j j j
ate
Using a hard approach, rather than a soft approach, with membe
j j j j j j j j j j
rs:
a. Reminds members they are in control j j j j j
b. Communicates in an orderly, specific and straight- j j j j j j
forward way j
c. Correlates with the right side of the brain j j j j j j j
d. Offers possibilities andsuggestions -CORRECT ANSWER
j j j j j j
>>>>Communicates in an orderly, specific and straight- j j j j j j
forward way
j j
The Johari Window describes four zones. When working with a
j j j j j j j j j j
member the Hidden Zone represents:
j j j j
a. Information that is known to the counselor and the me j j j j j j j j j
mber
b. Information that is known to the counselor and not the me j j j j j j j j j j
mber
c. Information that is known to the member and not the cou j j j j j j j j j j
nselor
FICEP FINAL EXAM 2024 ACTUAL EXAM 2 VERSIONS (V
j j j j j j j j
ERSION A AND B) COMPLETE 400 QUESTIONS WITH DET
j j j j j j j j
AILED VERIFIED ANSWERS (100% CORRECT ANSWERS
j j j j j
) ALREADY GRADED A+ j j j
Which of the following is the first step of the counseling process?
j j j j j j j j j j j
a. Analyze data j
b. Develop a spending plan j j j
c. Collectmember data j j
d. Establish goals and objectives - CORRECT ANSWER
j j j j j j
>>>>collectmemberdata j j
It is best to divide a budget into which cycle?
j j j j j j j j j
a. Daily
b. Monthly
c. Quarterly
d. Annually -CORRECT ANSWER >>>>monthly j j j j
,2j|jPj aj gj e
Which of the following provides a credit history including debt re
j j j j j j j j j j
payment practices for an individual? j j j j
a. cash flows j
b. net worth j
c. debt ration j
d. credit report -CORRECT ANSWER >>>>credit report
j j j j j j
When discussing a member's budget analysis build in assumpti
j j j j j j j j
ons and adjustments to make sure the process allows for a
j j j j j j j j j j
a. 12 month cyclej j
b. 24 - month cycle
j j j
c. 36- month cycle j j
d. 48 - month cycle - CORRECT ANSWER >>>>12 month cycle
j j j j j j j j j
Which of the following is NOT a step that will reduce debt?
j j j j j j j j j j j
a. Set goals j
b. Stop creating debt j j
c. Borrow money frompayday lenders j j j j
d. Consolidate credit cards - j j j
CORRECT ANSWER >>>>Borrow money from payday lenders
j j j j j j j
Increasing a monthly payment beyond the minimum required b j j j j j j j j
y the credit issuer is known as:
j j j j j j
,3j|jPj aj gj e
a. paying more on the principal.
j j j j
b. rolling up the payment. j j j
c. payingthe high-interest debts first.
j j j j
d. payingthe largest debt first. - CORRECT ANSWER
j j j j j j j
>>>>payingmore on the principal j j j j
One disadvantage of leasing a car is
j j j j j j
a. equity builds every month
j j j
b. inconsistent monthlypayments j j
c. locked into a contract j j j
d. no factory warranty -
j j j
CORRECT ANSWER >>>>locked into a contract
j j j j j j
Which cycle describes members who are just surviving and living
j j j j j j j j j
paycheck to paycheck?
j j j
a. Earn/spend/earn/spend
b. earn/spend/borrow/spend
c. earn/spend/save
d. earn/borrow/spend/save-CORRECTANSWER j j j
>>>>Earn/Spend/earn/spend
Financial counselors who don't use what they know about hemi
j j j j j j j j j
spheric thinking may fall into the trap of:
j j j j j j j
, 4j|jPj aj gj e
a. Assuming the member will succeed if they work with the couj j j j j j j j j j
nsellor
b. Asking too many questions j j j
c. Telling the member what they should do
j j j j j j
d. Presenting information to a member in a manner that mi j j j j j j j j j
ght not be the best way to communicate -
j j j j j j j j
CORRECT ANSWER >>>>presenting information to a mem
j j j j j j j
ber in a manner that might not be the best way to communic
j j j j j j j j j j j j
ate
Using a hard approach, rather than a soft approach, with membe
j j j j j j j j j j
rs:
a. Reminds members they are in control j j j j j
b. Communicates in an orderly, specific and straight- j j j j j j
forward way j
c. Correlates with the right side of the brain j j j j j j j
d. Offers possibilities andsuggestions -CORRECT ANSWER
j j j j j j
>>>>Communicates in an orderly, specific and straight- j j j j j j
forward way
j j
The Johari Window describes four zones. When working with a
j j j j j j j j j j
member the Hidden Zone represents:
j j j j
a. Information that is known to the counselor and the me j j j j j j j j j
mber
b. Information that is known to the counselor and not the me j j j j j j j j j j
mber
c. Information that is known to the member and not the cou j j j j j j j j j j
nselor
