UGBA 135: Personal Finance
Questions and Answers Rated A+
2025-2026 Updated.
what are the two most common chapters (types) of personal bankruptcy? - Answer chapter
7 and chapter 13
In bankruptcy what is a discharge? - Answer A discharge is a release from personal liability
on debt.
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 - Answer 4
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? -
Answer 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 - Answer 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
, 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 - Answer 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 - Answer 3
Approximately what fraction of drivers in the US do not have automobile insurance? - Answer
1/7
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? - Answer
$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
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) - Answer false
Car leases are complicated and often contain hidden fees (T/F) - Answer true
A good rule of thumb for auto insurance is to insure your car for the minimum limits required in
your state (T/F) - Answer false
To save money on auto insurance, Professor Odean recommends that you reduce your liability
coverage.
Group of answer choices (T/F) - Answer false
What is not a major Credit Bureau?
Group of answer choices:
1) Moody's
Questions and Answers Rated A+
2025-2026 Updated.
what are the two most common chapters (types) of personal bankruptcy? - Answer chapter
7 and chapter 13
In bankruptcy what is a discharge? - Answer A discharge is a release from personal liability
on debt.
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 - Answer 4
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? -
Answer 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 - Answer 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
, 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 - Answer 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 - Answer 3
Approximately what fraction of drivers in the US do not have automobile insurance? - Answer
1/7
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? - Answer
$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
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) - Answer false
Car leases are complicated and often contain hidden fees (T/F) - Answer true
A good rule of thumb for auto insurance is to insure your car for the minimum limits required in
your state (T/F) - Answer false
To save money on auto insurance, Professor Odean recommends that you reduce your liability
coverage.
Group of answer choices (T/F) - Answer false
What is not a major Credit Bureau?
Group of answer choices:
1) Moody's
