100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
UGBA Videos Questions & Answers 2024. CA$16.56   Add to cart
Quickly navigate to
Preview
  2.  
  3. UGBA
  4.  
  5. UGBA

Exam (elaborations)

UGBA Videos Questions & Answers 2024.
 7 views  0 purchase
  • Course
  • UGBA
  • Institution
  • UGBA

UGBA Videos Questions & Answers 2024.In bankruptcy, what is a discharge? - correct answer A discharge is a release from personal liability on debt. Which of the following is NOT one of the three largest credit reporting agencies? - correct answer Bank of America The three are: Equifax, TransU...

[Show more]

Preview 2 out of 6  pages

Document information

  • April 23, 2024
  • 6
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ugba videos
  • ugba videos questions answers 2024

Written for

  • UGBA
All documents for this subject (276)

Seller

avatar-seller
ROSEGRADES

Reviews received

Content preview

UGBA Videos Quizzes
In bankruptcy, what is a discharge? - correct answer A discharge is a release from personal liability on
debt.



Which of the following is NOT one of the three largest credit reporting agencies? - correct answer Bank
of America



The three are: Equifax, TransUnion, Experian



Any credit score above 620 is generally considered to be excellent credit. - correct answer false



Which of the following is contributes the most to your credit score? - correct answer your payment
history



Employers are never allowed to check credit reports when hiring. - correct answer false



Lenders use credit reports to help them decide whether to loan you money and what interest rate to
charge. - correct answer true



Which of the following is usually the most important type of debt to focus on paying off quickly: - correct
answer Credit card balances



Which types of debt "steal from your future"? - correct answer Paycheck advances, Credit card balances



One highly recommended method for paying off student loans is to take an early withdrawal from your
traditional IRA or 401(k) plan. - correct answer false



Why is Social Security called a PAYGO system? - correct answer Because the payroll taxes paid by current
workers are used to pay current retirement benefits.

, Most people in good health should claim Social Security retirement benefits at age 62. - correct answer
false



Social Security started with a huge unfunded liability because benefits were paid to retirees, such as Ida
May Fuller, who had paid very little into the system. - correct answer true



Medicare is health insurance for people 50 or older and people under 50 with certain disabilities or end
stage renal disease. - correct answer false



Medicare Part A, Hospital Insurance is free, people must pay for Medicare Parts B, C, and D if they want
them. - correct answer true



In the video "Overcoming debt interview" Suzanne says that although credit cards were one of the
reasons she got into debt problems, she continues to use credit cards. - correct answer false



What is a good use of a security fund (also called an emergency fund or a rainy day fund)? - correct
answer To help you pay your bills if you lose your job



What debt should be your highest priority? - correct answer Paying off credit card debt as soon as
possible



Most people's emergency (security or rainy day) fund should be invested in the stock market. - correct
answer false



Should most people save first for retirement or for their children's education? - correct answer Their
retirement



Suppose you put $100 in a bank savings account that pays 7% annual interest (and charges no annual
fee). You keep that money in the account for two years (with no withdrawals or additional deposits).
How much money will you have at the end of two years? - correct answer more than $114

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ROSEGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$16.56. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75057 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$16.56
  • (0)
  Add to cart