UGBA 135 Final from class 7 on 2023/2024 already passed

UGBA 135 Final from class 7 onJenny Olson argues that savers are more desirable romantic partners because they are perceived: - correct answer To have more self-control. Savers tend to be preferred for shorter-term relationships. - correct answer False In general, buying durable items such expensive cars and nice clothes makes people happier than spending equivalent amounts on activities. - correct answer False The authors of the book Happy Money recommend spending spontaneously even if that leads to a credit card balance. - correct answer False One of the five suggestions from the book Happy Money is to spend money on others. - correct answer True Everyone with a job and a retirement plan should hire a personal financial advisor. - correct answer True Common ways for financial advisors to be compensated are (choose all correct answers): Group of answer choices - correct answer Commissions, An annual percentage, By the hour or a flat fee for specific services Typical annual financial advisor fees when charged as a percentage of assets under management often exceed what you can earn today in a savings account. Group of answer choices - correct answer True As discussed in the video "Questions to Ask Financial Advisors," the most important question to ask a financial advisor is? - correct answer Are you a fiduciary? Before calling oneself a financial advisor, one has to pass five exams and be designated by the Federal Government as a "Certified Financial Advisor." - correct answer False Suppose you have a 15-year-old roof that was originally rated for 25 years and you have cash value coverage on your homeowners insurance. If your roof is destroyed in fire and needs to be replaced which of the following is true? - correct answer The insurance company will pay ½ or less of the cost of replacing your destroyed roof (minus your deductible) because you've already benefited from 60% of the useful life of the roof. Which of the following makes renting more appealing versus buying? - correct answer Landlords can require tenants to have renters insurance. - correct answer One good way to lower your home homeowners insurance premiums is to insure your house for less than it is worth. - correct answer False All risks homeowners policies cover all risks. - correct answer False Named risk policies are usually less expensive than all risks policies. - correct answer True If a policy has guaranteed replacement cost for your home then it will always have guaranteed replacement cost for your property. Group of answer choices - correct answer False Suppose your roommate slips on the rug in your apartment, falls, and breaks her arm. She has medical costs and she losses two weeks wages because she can't work. What will renters insurance pay for (if you have it)? - correct answer