Ficep Final Exam Questions And Answers

T/F: Springing (conditions) POA is best for selling property while one is out of state for awhile. {Ans: False}T/F: It's best for members to invest in stocks versus bonds and cash {Ans: False}It is best to divide a budget into which cycle? {Ans: Monthly}Which type of counseling should a consumer use when a member is preparing for a large purchase? {Ans: Preventive}T/F: It is necessary to have a plan in place in the event of death or disability if you are the sole owner of a business {Ans: True}T/F: Loans are allowed on a Traditional IRA account {Ans: False}