UGBA 135: Personal Finance Questions and Answers Fully Solved 100%
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Course
UGBA 135: Personal Finance
Institution
UGBA 135: Personal Finance
Automobile insurance quote usually provide three limits for liability coverage. if you buy
a policy with 100/300/50 coverage limits what type of coverage have you purchased? -
️️$100,000 bodily injury liability insurance per person, $300,000 total bodily injury
liability insurance per accide...
UGBA 135: Personal Finance
Automobile insurance quote usually provide three limits for liability coverage. if you buy
a policy with 100/300/50 coverage limits what type of coverage have you purchased? -
✔️✔️$100,000 bodily injury liability insurance per person, $300,000 total bodily injury
liability insurance per accident, and $50,000 property damage liability per accident
What factors directly affect your credit score? (Choose all that apply.)
Group of answer choices:
1) Payment History
2)Debt Burden
3)Length of Credit History
4)Annual Income - ✔️✔️1,2,3
which of the following is NOT a major type of liability coverage in a standard auto
insurance policy:
1) bodily injury, all parties
2) bodily injuries, single party
3) property damage
4) collision - ✔️✔️4
In bankruptcy what is a discharge? - ✔️✔️A discharge is a release from personal
liability on debt.
what type of auto insurance coverage pays for medical expenses of people you injure
who are in a car that you hit (if you are at fault), but not your own medical expenses if
you are injured? - ✔️✔️liability coverage
which are the correct acts to take after an auto accident?
1) do not admit fault
2) check for injuries and administer first aid if necessary
3) remain calm
4) say nothing and drive away quickly - ✔️✔️1,2,3
which of the following do not need automobile insurance?
1) drivers 65 and older
2) none of the answers are right
3) drivers under 25
4)drivers who has not caused an accident or gotten a speeding ticket in the last 3 years
5) drivers who drive less than 1000 miles per year - ✔️✔️2
, which is usually not true about leasing a car?
1) you can drive a leased car for as many miles as you'd like without paying extra
2) leases are complicated contracts and often contain hidden fees
3) when you turn in your car at the end of the lease , you'll be charge for tears,
scratches, and dents
4) at the end of the lease, you don't owe anything - ✔️✔️1
which of the following would be covered comprehensive coverage in an automobile
policy?
1) medical expenses for a person injured in an accident you caused
2) cost of having to tow your car if you break down on the highway
3) losses from theft of the car
4) losses from damage to your car in an accident with another car that you cause -
✔️✔️3
Approximately what fraction of drivers in the US do not have automobile insurance? -
✔️✔️1/7
what are the two most common chapters (types) of personal bankruptcy? -
✔️✔️chapter 7 and chapter 13
At the end of a car lease, if you return the car to the leasing company you cannot be
charged for tears, scratches, and dents (T/F) - ✔️✔️false
Car leases are complicated and often contain hidden fees (T/F) - ✔️✔️true
A good rule of thumb for auto insurance is to insure your car for the minimum limits
required in your state (T/F) - ✔️✔️false
To save money on auto insurance, Professor Odean recommends that you reduce your
liability coverage.
Group of answer choices (T/F) - ✔️✔️false
What is not a major Credit Bureau?
Group of answer choices:
1) Moody's
2) Equifax
3) Experian
4) TransUnion - ✔️✔️1
Which factor has the largest direct impact on your credit score? - ✔️✔️payment history
In the video "Prioritizing Savings" which of the following do I NOT recommend?
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