1) A client is really worried about affecting their credit score. You should refrain from mentioning the option for Debtmerica! a) True b) False 2) You tell a client that RocketMoney is a good budgeting app option. This is the best recommendation for a client that needs to start with cash flow awareness. a) True b) False 3) You newly wed clients have a goal of purchasing their first home this year. Unfortunately they've racked up some credit card debt from the wedding. Should you consider Debtmerica for them? a) Yes b) No 4) A client calls you about a really solid $4,000 tax refund. You should celebrate with them and try to help next year's return be even more! a) True b) False 5) A client tells you they are ready to build wealth and that's the area for improvement. It is still best for you to start with taking a look at cashflow. a) True b) False 6) Your client has poor credit, needs to lease a new car in the next year, and does not have a lot of cash flow. He is currently paying $200/month on a credit card that has a 25% interest and a $6,000 balance. Could borrowing from his 401(k) for 4% interest be a great option? a) Yes b) No 7) A client took a recent promotion and improved their cash flow. When you sit back down with them, you decide to have them pay an extra $200 a month towards their credit cards. It does not matter which card they apply the extra payment to as long as they are paying extra to one of them. a) True b) False 8) A client of yours has great credit but has recently traveled and racked up a credit card or two. You should consider debt snowballing or a 0% interest credit card to execute a balance transfer. a) True b) False 9) Your client is very focused on his debt and he isn't sure he should think about contributing to an emergency fund right now. The best thing you can do is share the canoe analogy. a) True b) False 10) A client took a recent promotion and improved their cash flow. When you sit back down with them, you decide to have them pay an extra $200 a month towards their credit cards. They should pay the highest interest rate card first and execute a debt snowball. a) True b) False 11) A client tells you they have already consolidated their debt last year with a company bringing their interest rates down from 25% on average to 9% with the consolidation company. You shop out options with Lightstream and find they could have a 6% interest rate. It is still worth offering the Lightstream consolidation.  a) True b) False 12) A client with a bit of debt recently took a job that offered a $10,000 signing bonus. The client should not think about saving or investing any money until all of the debt is paid off. a) True b) False 13) Your client wants to start a don't-see-it-don't-touch-it-savings account. You should go to bankrate.com and search their zip code for best savings. a) True b) False 14) You see that a young client is paying $800 for rent, $60 for a cellphone, $200 for car insurance, $20 on a 0% introductory interest on a credit card, $100 for gas and electric, and $50 for wifi. The first thing you should recommend is that your client shops out their car insurance with your p&c referral partner. a) True b) False 15) Your client has some serious private student loans and is having a hard time keeping up. You should take a look at FASFA student loan programs together. a) True b) False 16) You client has recently taken an income loss. Unfortunately, it also would not make sense to refinance the home even though interest rates are lower than at the time of purchase. a) True b) False 17) Your client has a goal of buying a new car this year. It is safe to consider Debtmerica? a) Yes b) No 18) A client of yours has a bad credit score and lots of debt. The best thing you can recommend is a 0% interest credit card. a) True b) False

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