Ugba 135 final Study guides, Class notes & Summaries
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UGBA 135 Final question n answers graded A+ 2023/2024
- Exam (elaborations) • 19 pages • 2023
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UGBA 135 Finalwhat is the greatest factor that determines your credit score? - correct answer paying bills on time over time 
 
the "cornerstone" of wealth is? - correct answer being frugal, not cheap but value oriented 
 
what is the minimum criteria for a credit score? - correct answer - at least one reported "account" which has been open for at least six months 
- at least one report that has been reported by a lender in the last six months and nothing that indicates you're deceased 
 
w...
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UGBA 135 Final 2023 Questions and Answers.
- Exam (elaborations) • 38 pages • 2023
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UGBA 135 Final 2023 Questions and Answers. 
What is the biggest problem facing us in the future? - answerLongevity, not retirement 
Where is the burden of saving and investing for retirement and health care shifting? - answerFrom 
employer to employee 
What percentage of households have income of more than $113,000? - answer10% 
What percentage of households earn $160,000? - answer5% 
What is a common trait of millionaires? - answerThe ability to communicate and sell their ideas 
Where can the l...
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UGBA 135 final exam Questions and answers latest update 2024
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UGBA 135 final exam Questions and answers latest update 2024
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UGBA 135 Final Study Questions with 100% Correct Answers | Verified | Latest Update.
- Exam (elaborations) • 20 pages • 2023
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UGBA 135 Final Study Questions with 100% Correct Answers | Verified | Latest Update.
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UGBA 135 final exam 2023 with complete solution
- Exam (elaborations) • 17 pages • 2023
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UGBA 135 final exam 2023 with complete solution 
 
What's the rule of 72? 
How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate 
What's a general partner? 
A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...
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UGBA 135 Final Exam (Fall 2023) Questions and Answers
- Exam (elaborations) • 23 pages • 2023
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UGBA 135 Final Exam (Fall 2023) Questions and Answers
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UGBA 135 Final Exam (Fall 2022)
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UGBA 135 Final Exam (Fall 2022) 
 
The Rule of 72 is used to estimate 
A. How long will it take you to earn 50%? 
B. How long it will take you to out-earn inflation? 
C. How long it will take to double your money? 
D. None of the above 
C (How long it will take to double your money) 
Compounding means earning interest on interest (T/F) 
True 
Who said compound interest is the greatest discovery of mankind? 
Albert Eienstien 
The best time to decide how much to save for retirement each month is a...
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UGBA 135 Final Exam Questions and Answers 2023 Complete
- Exam (elaborations) • 17 pages • 2023
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UGBA 135 Final Exam Questions and Answers 2023 Complete 
 
What is "good debt"? 
Taking out loans in order to pay off a car, a mortgage or an education or starting a business 
What is considered "bad debt"? 
- Borrowing money to support a lifestyle of living beyond one's means 
What is the definition of a Modern Day Millionaire? 
- Financially independent, no government assistance, living the life they want to lead 
What is a credit card? 
- An unsecured line of credit 
- based on good fait...
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UGBA 135 Final Exam Questions and Answers 2023 Complete
- Exam (elaborations) • 17 pages • 2023
- Available in package deal
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- $10.99
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UGBA 135 Final Exam Questions and Answers 2023 Complete 
 
What is "good debt"? 
Taking out loans in order to pay off a car, a mortgage or an education or starting a business 
What is considered "bad debt"? 
- Borrowing money to support a lifestyle of living beyond one's means 
What is the definition of a Modern Day Millionaire? 
- Financially independent, no government assistance, living the life they want to lead 
What is a credit card? 
- An unsecured line of credit 
- based on good fait...
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UGBA 135 FINAL EXAM WITH COMPLETE SOLUTION.
- Exam (elaborations) • 26 pages • 2023
- Available in package deal
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UGBA 135 FINAL EXAM WITH COMPLETE SOLUTION. 
What's the rule of 72? - answerHow long it takes for a sum of money to double at a given interest 
rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate 
What's a general partner? - answerA general partner has the authority to act on behalf of the 
business without the knowledge or permission of the other partners. Unlike a limited or silent 
partner, the general partner may have unlimited liability for the debts of...
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