Personal Financial Literacy Certification Examination
Credential Source Contact Information
- Source Company Name:
- Center for Financial Responsibility (CFR)
- Contact:
- Ashley Guillemette, Director
- Phone:
- 806.834.0754
- Email:
- ashley.guillemette@ttu.edu
Credential Contractor
- Credential Contractor:
- CEV Multimedia (iCEV)
- Contact:
- Kelli Hughes, Director of Business and Industry Partnerships
- Phone:
- 409.658.0432
- Email:
- kelli.hughes@icevonline.com
Test Administration
- Test Site:
-
- School: Online
- Paper & Pencil
- No
- Can the instructor take this test?:
- Yes
- Number of Test Items:
- The certification exam consists of 100 questions from a test bank of 200. The question bank and order is randomized for each certification exam. Exams are administered online and have several question types, including multiple-choice, matching, labeling, fill-in-the-blanks and other question types.
- Time Allowed (minutes):
There is no time limit; however, the system will time out after one hour of inactivity.
- Passing Score (percent):
70%
- Cost Per Test:
A certification voucher is needed to take the certification exam. Retaking the exam requires an additional voucher. There are two options for purchasing vouchers: Option A: iCEV subscribers, $40 per voucher; Option B: non-iCEV subscribers, $50 per voucher.
- Test Specifics:
- Additional information:
- The industry standards the certification tests for, which were developed by the Center for Financial Responsibility, include:
- Budgets (20%)
- Investments & Risk Management (15%)
- Loans (20%)
- Banking Options & Records (10%)
- Taxes & Paychecks (20%)
- Major Purchasing Decisions (15%)
- The Center for Financial Responsibility uses iCEV as its certification testing platform. As the testing platform, iCEV is responsible for the following:
- Providing secure testing technology for exams Regulating the testing environment
- Working with secondary and postsecondary academic institutions, workforce development associations and the public-at-large to offer certification options for career advancement
- Providing certification verification to employers for potential job applicants
- Offering optional certification exam preparation materials
- The certification exam must be administered in a proctored environment. It is the responsibility of the proctor to ensure all certification candidates follow the certification exam rules and guidelines (https://www.icevonline.com/proctoring-guidelines). If a candidate requests to retake a certification exam, it is left to the discretion of educational personnel to decide if and when a candidate can retake an exam.
- The industry standards the certification tests for, which were developed by the Center for Financial Responsibility, include:
Possible Preparatory Courses
Timing
- Multiple test sessions:
- Yes
- Time of day
- Yes
- Order of tasks
- Yes
- Planned breaks during test
- Yes
- Is extended time an option for the test-taker?
- Yes
- Extended time offered
- There is no time limit for students with 504s/IEPs requiring time extensions; however, the system times out after one hour of inactivity.
Setting
- Test location
- Yes
- Adaptive or special furniture
- Yes
- Special lighting
- Yes
Presentation
- Written directions accompanying oral directions
- Yes
- Specific verbal prompts
- No
- Visual aids
- No
- Amplification equipment
- Yes
- Headphones, earmuffs, or earplugs
- Yes
- Large-print test
- Yes
- Braille test
- Yes
- Read-aloud test
- Yes
- Audio test
- Yes
- Interpreting/transliterating testing directions
- Yes
- Interpreting/Transliterating the test
- Yes
Response
- Enlarged copy of the answer document
- Yes
- Communication board or choice cards
- No
- Examiner records responses
- Yes
- Brailler
- Yes
- Word processor or word processor with speech-to-text
- Yes
- Augmentative communication device
- No
- Word prediction software
- No
- Spelling aids
- Yes
- English dictionary
- Yes
- Dictation using a recording device
- No
- Dictation to a scribe
- Yes
- Read back student response
- Yes
- Calculator and arithmetic tools
- Yes
- Calculator with additional functions
- Yes
- Math aids
- Yes
- Dry erase board
- Yes
- Additional writing implements
- Yes
- Audio test
- Yes
- Bilingual dictionary
- Yes
- Dictation to a scribe
- Yes
- English dictionary
- Yes
- Examiner records responses
- Yes
- Flexible Schedule
- Yes
- Is extended time an option for the test-taker?
- Yes
- Extended time offered
- There is no time limit for students with 504s/IEPs requiring time extensions; however, the system times out after one hour of inactivity.
- Multiple test sessions
- Yes
- Read-aloud test
- Yes
- Test directions delivery
- Yes
- Visual aids
- No
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