FiCEP Exam Questions and Answers With Complete Solutions Graded A+
Question 1: Which cycle describes members who are just
surviving and living paycheck to paycheck?
CORRECT ANSWER : Earn/Spend/Earn/Spend
Question 2: Financial counselors who don't use what they
know about hemispheric thinking may fall into the trap of:
CORRECT ANSWER : Presenting information to a member
in a manner that might not be the best way to communicate
Question 3: Using a hard approach, rather than a soft
approach, with members:
CORRECT ANSWER : Communicates in an orderly,
specific, and straight-forward way
Question 4: The Johari Window describes four zones. When
working with a member, the Hidden Zone represents:
CORRECT ANSWER : Information that is known to the
member and not the counselor
Question 5: Which type of counseling should a consumer use
when a member is preparing for a large purchase?
CORRECT ANSWER : Preventive
Question 6: What is NOT a vital counselor skill?
CORRECT ANSWER : Asking close-ended questions
Question 7: An example of pacing is when a counselor:
CORRECT ANSWER : Matches the member's energy level
Question 8: What is NOT a step in the change process?
CORRECT ANSWER : Not revising the plan
Question 9: What decision making tool is best to use when
considering all forces in favor or against a plan so decision can be made?
CORRECT ANSWER : Force-field analysis
Question 10: What is the first step of the counseling process?
CORRECT ANSWER : Collect member data
Question 11: It is best to divide a budget into which cycle?
CORRECT ANSWER : Monthly
Question 12: What provides a credit history including debt
repayment practices for an individual?
CORRECT ANSWER : Credit report
Question 13: When discussing a member's budget analysis,
build in assumptions and adjustments to make sure the process allows for a...
CORRECT ANSWER : 12-month cycle
Question 14: What is not a step that will reduce debt?
CORRECT ANSWER : Borrowing money from payday
lenders
Question 15: Increasing a monthly payment beyond the
minimum required by the credit issuer is known as:
CORRECT ANSWER : Paying more on the principal
Question 16: One advantage of leasing a car is:
CORRECT ANSWER : Locked into a contract
Question 17: When determining if a vehicle is affordable, one
should consider the:
CORRECT ANSWER : Purchase price, maintenance costs,
insurance costs
Question 18: What type of savings helps one cope when the
unthinkable occurs?
CORRECT ANSWER : Emergency
Question 19: A good action plan includes:
CORRECT ANSWER : A list of steps and timeline for the
member to complete