Accredited Financial Counselor Afcpe Exam Questions And Answers

FTC: {Ans: Federal Trade Commission: consumer protection and antitrust regulation. Primary for Identity theft}Steps for Recovering from Identity Theft: {Ans: Step 1: Call the companies where you know fraud occurred Step 2: Place a fraud alert and get your credit report Step 3: Report identity theft to FTC Step 4: File a report with your local police department} {Ans: }What percentage of income should be put in savings? {Ans: 20%}True or False: All bank accounts are FDIC insured. {Ans: False}Insolvent {Ans: Negative net worth. You have more liabilities than you have assets.}