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FICEP CERTIFICATION EXAM COMPLETE 200
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
Question: Which cycle describes members who are just
surviving and living paycheck to paycheck?
ANSWER: Earn/Spend/Earn/Spend
Question: Financial counselors who don't use what they know
about hemispheric thinking may fall into the trap of:
ANSWER: Presenting information to a member in a manner that
might not be the best way to communicate
Question: Using a hard approach, rather than a soft approach,
with members:
ANSWER: Communicates in an orderly, specific, and straight-
forward way
Question: The Johari Window describes four zones. When
working with a member, the Hidden Zone represents:
ANSWER: Information that is known to the member and not the
counselor
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Question: Which type of counseling should a consumer use
when a member is preparing for a large purchase?
ANSWER: Preventive
Question: What is NOT a vital counselor skill?
ANSWER: Asking close-ended questions
Question: An example of pacing is when a counselor:
ANSWER: Matches the member's energy level
Question: What is NOT a step in the change process?
ANSWER: Not revising the plan
Question: What decision making tool is best to use when
considering all forces in favor or against a plan so decision can be made?
ANSWER: Force-field analysis
Question: What is the first step of the counseling process?
ANSWER: Collect member data
Question: It is best to divide a budget into which cycle?
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ANSWER: Monthly
Question: What provides a credit history including debt
repayment practices for an individual?
ANSWER: Credit report
Question: When discussing a member's budget analysis, build in
assumptions and adjustments to make sure the process allows for a...
ANSWER: 12-month cycle
Question: What is not a step that will reduce debt?
ANSWER: Borrowing money from payday lenders
Question: Increasing a monthly payment beyond the minimum
required by the credit issuer is known as:
ANSWER: Paying more on the principal
Question: One advantage of leasing a car is:
ANSWER: Locked into a contract
Question: When determining if a vehicle is affordable, one
should consider the:
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ANSWER: Purchase price, maintenance costs, insurance costs
Question: What type of savings helps one cope when the
unthinkable occurs?
ANSWER: Emergency
Question: A good action plan includes:
ANSWER: A list of steps and timeline for the member to
complete
Question: What is NOT an example of ways members may start
saving?
ANSWER: Increasing living expenses with each new raise
Question: One way to overcome a member's objection to
financial counseling is to:
ANSWER: Express confidence in member's ability to address
the problem
Question: You cannot help couples and families who have
difficulties talking through money issues by:
ANSWER: Meeting with members separately for financial
counseling