University of Central Florida GEB 3006
GEB 3006 financial literacy exam study Practice
Questions Answers and Solutions College Business
Course Study Resource
financial goal revenues > expenses
business run your financial life like a:
saver and spender the two personality types
3 months how long of a time period should money be kept for
emergencies
1/3 how many Americans have 3 months worth of
emergency funds saved?
10-15% how much of your income should be kept for
emergencies
true Americans historically do not save enough money
exponentially money grows -
until their 40's when do most Americans begin saving their money
warren buffet this man states that the biggest mistake people make is
not starting to save early enough
45+ students have this long of a investment horizon
Fair and Accurate Reporting Act allows for free credit reports once a year from:
experian
transunion
Equifax
FICO Fair Isaac Corporation
FICO operates independently from the 3 credit agencies
above
740 or above the target FICO credit score range
300-850 credit score ranges from -
718 the average U.S. FICO credit score
65% how much of your FICO score is related to your
payment history & outstanding debt
, true the long the credit history the better
target 30% or lower improving my FICO score
GEB 3006 financial literacy exam study Practice
Questions Answers and Solutions College Business
Course Study Resource
financial goal revenues > expenses
business run your financial life like a:
saver and spender the two personality types
3 months how long of a time period should money be kept for
emergencies
1/3 how many Americans have 3 months worth of
emergency funds saved?
10-15% how much of your income should be kept for
emergencies
true Americans historically do not save enough money
exponentially money grows -
until their 40's when do most Americans begin saving their money
warren buffet this man states that the biggest mistake people make is
not starting to save early enough
45+ students have this long of a investment horizon
Fair and Accurate Reporting Act allows for free credit reports once a year from:
experian
transunion
Equifax
FICO Fair Isaac Corporation
FICO operates independently from the 3 credit agencies
above
740 or above the target FICO credit score range
300-850 credit score ranges from -
718 the average U.S. FICO credit score
65% how much of your FICO score is related to your
payment history & outstanding debt
, true the long the credit history the better
target 30% or lower improving my FICO score
