FICEP 1-25 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

FICEP 1-25 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS What are the four spending cycles? - Answer -1. Earn/Spend/Earn/Spend 2. Earn/Spend/Borrow/Spend 3. Earn/Spend/Save 4. Earn/Save/Spend Explain the brain hemispheres: - Answer -Left = Analytical/Verbal, Conscious; Right = Creative/Visual, Unconscious; It is important to understand and utilize both to meet member needs. Explain hard vs. soft approaches: - Answer -Hard = left brain, gives directives, is assertive and used reason and logic; Soft = right brain, offers suggestions and avoids absolutes, best for overcoming barriers to discussing finances, includes humor and anecdote. What are the four zones of Johari's Window that shape our relationship with self and others? Explain them. - Answer -1. Open - info known toNeed assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: counselor and member 2. Blind - info counselor knows, member does not 3. Hidden - info member knows and doesn't share 4. Unknown - info unknown to self and others (The goal is to move to more open zone) What are the three types of counseling and when are they used? - Answer -1. Remedial - used in a financial emergency, helps members cope with overwhelming debt or bad budgeting 2. Preventative - used for life changes or before a big purchase (ex. mortgage) 3. Productive - used to improve financial status, usually when someone acquires assets (ex. how to invest), refer to other pr