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UGBA 135 final exam (2 VERSIONS) 2026-2027
COMPLETE 400 QUESTIONS AND VERIFIED
SOLUTIONS LATEST UPDATE THIS YEAR
UGBA 135 final exam
QUESTION: Which of the following is true regarding federal student loans?
A. Congress determines the interest rate each year
B. Interest rates are linked to the 10-year Treasury rate
C. Interest rates for Plus loans are lower than the 10-year Treasury rate
D. Interest rates for grad students are less than those for undergrads - ANSWER-B (Interest
rates are linked to the 10-year Treasury rate)
QUESTION: What factors directly affect your credit score? (choose all that apply).
a. Annual income
b. Length of credit history
c. Payment history
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d. Debt burden - ANSWER-B C D
QUESTION: Which factor has the largest direct impact on your credit score?
a. Length of credit history
b. Debt burden
c. Payment history
d. Annual income - ANSWER-C (payment history)
QUESTION: Which of the following is NOT a major credit reporting agency?
A. Discover
B. Transunion
C. Equifax
D. Experian - ANSWER-A. (Discover)
Q; The Rule of 72 is used to estimate
A. How long will it take you to earn 50%?
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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 - ANSWER-C (How long it will take to double your money)
QUESTION: Compounding means earning interest on interest (T/F) - ANSWER-True
QUESTION: Who said compound interest is the greatest discovery of mankind? - ANSWER-
Albert Eienstien
QUESTION: The best time to decide how much to save for retirement each month is at the end
of the month when you can see how much money you have left over from the month's
paycheck (T/F) - ANSWER-False
QUESTION: The the best time to establish credit is when you don't need it (T/F) - ANSWER-True
QUESTION: The "cornerstone" of wealth is - ANSWER-Being frugal, not cheap but value oriented
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QUESTION: Which is NOT "consideration" when creating a contract?
A. Money.
B. Gender.
C. Physical objects.
D. Services. - ANSWER-B (Gender)
QUESTION: When entering into a contract, which is NOT important?
A. The contract being witnessed by a lawyer.
B. What happens if any party fails to perform?
C. All blanks should be filled.
D. What constitutes the end of the contract? - ANSWER-A ( The contract being witnessed by a
lawyer)
QUESTION: Which of the following is important when signing a contract?
A. What is the reputation of the other parties?
B. Is mediation or arbitration required?
UGBA 135 final exam (2 VERSIONS) 2026-2027
COMPLETE 400 QUESTIONS AND VERIFIED
SOLUTIONS LATEST UPDATE THIS YEAR
UGBA 135 final exam
QUESTION: Which of the following is true regarding federal student loans?
A. Congress determines the interest rate each year
B. Interest rates are linked to the 10-year Treasury rate
C. Interest rates for Plus loans are lower than the 10-year Treasury rate
D. Interest rates for grad students are less than those for undergrads - ANSWER-B (Interest
rates are linked to the 10-year Treasury rate)
QUESTION: What factors directly affect your credit score? (choose all that apply).
a. Annual income
b. Length of credit history
c. Payment history
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d. Debt burden - ANSWER-B C D
QUESTION: Which factor has the largest direct impact on your credit score?
a. Length of credit history
b. Debt burden
c. Payment history
d. Annual income - ANSWER-C (payment history)
QUESTION: Which of the following is NOT a major credit reporting agency?
A. Discover
B. Transunion
C. Equifax
D. Experian - ANSWER-A. (Discover)
Q; The Rule of 72 is used to estimate
A. How long will it take you to earn 50%?
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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 - ANSWER-C (How long it will take to double your money)
QUESTION: Compounding means earning interest on interest (T/F) - ANSWER-True
QUESTION: Who said compound interest is the greatest discovery of mankind? - ANSWER-
Albert Eienstien
QUESTION: The best time to decide how much to save for retirement each month is at the end
of the month when you can see how much money you have left over from the month's
paycheck (T/F) - ANSWER-False
QUESTION: The the best time to establish credit is when you don't need it (T/F) - ANSWER-True
QUESTION: The "cornerstone" of wealth is - ANSWER-Being frugal, not cheap but value oriented
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QUESTION: Which is NOT "consideration" when creating a contract?
A. Money.
B. Gender.
C. Physical objects.
D. Services. - ANSWER-B (Gender)
QUESTION: When entering into a contract, which is NOT important?
A. The contract being witnessed by a lawyer.
B. What happens if any party fails to perform?
C. All blanks should be filled.
D. What constitutes the end of the contract? - ANSWER-A ( The contract being witnessed by a
lawyer)
QUESTION: Which of the following is important when signing a contract?
A. What is the reputation of the other parties?
B. Is mediation or arbitration required?
