UGBA 135 – Final Actual Exam Questions With Reviewed 100%
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1. (A1,P1) Seniors are eligible for medicare at age: a. 65
a. 65
b. 59
c. 62
d. 70 ½
2. (A1,P1) The fee charges by the new provider when you c. Balance transfer fee
transfer the balance from one credit card to another
is called a:
a. New card fee
b. Transfer debt fee
c. Balance transfer fee
d. Balance debt fee
3. ((A1,P1) The range of a subprime FICO score is about: d. 620-660
a. 300-499
b. 560-619
c. 500-559
d. 620-660
4. (A1,P1) Which of the following is not subject to a credit c. Early payment fee.
card fee?
a. Return check fee.
b. Cash advance fee.
c. Early payment fee.
d. Foreign exchange transaction fee.
5. (A1,P1) In order to be eligible for Social Security ben- d. All of the above
efits you must have:
a. A minimum of earned income in each of those quar-
ters.
b. Be an American citizen or legal alien.
, UGBA 135 – Final Actual Exam Questions With Reviewed 100%
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c. 40 quarters of covered employment.
d. All of the above.
6. (A1,P1) If the credit card issuer notifies you of a signif- b. Any of the above.
icant change in terms, and you do not want to accept
them , your options include:
a. Double the percentage of your minimum payment.
b. Any of the above.
c. Close the account by paying off the balance.
d. Increase the monthly payments so the balance will
be paid in five years.
7. (A1,P1) Video: Which of the following should be a high- d. Paying ott credit card
er priority?: debt as soon as possible
a. Paying off student debt as soon as possible
b. Paying off your mortgage as soon as possible
c. All three should have the same priority
d. Paying off credit card debt as soon as possible
8. (A1,P1) Identity theft can be done: d. All the above
a. By email or phone
b. By theft of a wallet or purse
c. By hacking
d. All the above
9. (A1,P1) Video: The median credit score is: b. 712
a. 512
b. 712
c. 612
d. 412
10. b. About $25
, UGBA 135 – Final Actual Exam Questions With Reviewed 100%
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(A1,P1) Video: Ida May Fuller, the first Social Security
recipient, collected $22,888.98 in Social Security ben-
efits. How much had she contributed in payroll taxes?
a. About $250
b. About $25
c. About $25,000
d. About $2,500
11. (A1,P1) Video: Advice varies on which debt to pay off b. The debt with the lowest
first. Which of the following is not a recommended interest rate
choice?
a. The debt that bothers you most
b. The debt with the lowest interest rate
c. The smallest debt
d. The debt with the highest interest rate
12. (A1,P1) Which of the following is true? a. A reward poster for
finding a lost dog is a uni-
a. A reward poster for finding a lost dog is a unilateral lateral contract.
contract.
b. Credit card issuers may solicit students on or near
campus.
c. Your credit score is the most important part of your
credit report.
d. Todays public computers are secure , and will pro-
tect your personal information.
13. (A1,P1) Medicare Part A is: a. All the above
a. All the above
b. Paid for by payroll taxes
, UGBA 135 – Final Actual Exam Questions With Reviewed 100%
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c. Free to seniors who enroll
d. Benefits apply to hospitals and skilled nursing
14. (A1,P1) To avoid a late payment fee, if paying by mail d. Received by the due
the payment must be: date
a. Postmarked by the due date
b. Mailed by the due date
c. None of the above
d. Received by the due date
15. (A1,P1) Interest in a credit card account is normally c. Daily
calculated:
a. Bi-Monthly
b. Yearly
c. Daily
d. Weekly
16. (A1,P1) Which of the following is important when sign- b. All of the above
ing a contract?
a. What constitutes the end of the contract?
b. All of the above
c. Is mediation or arbitration required?
d. What is the reputation of the other parties?
17. (A1,P1) Which of the following is not subject to a credit c. Early payment fee
card fee?
a. Overdraft fee
b. Cash advance fee
Correct Detailed Answers Guaranteed Pass!!
1. (A1,P1) Seniors are eligible for medicare at age: a. 65
a. 65
b. 59
c. 62
d. 70 ½
2. (A1,P1) The fee charges by the new provider when you c. Balance transfer fee
transfer the balance from one credit card to another
is called a:
a. New card fee
b. Transfer debt fee
c. Balance transfer fee
d. Balance debt fee
3. ((A1,P1) The range of a subprime FICO score is about: d. 620-660
a. 300-499
b. 560-619
c. 500-559
d. 620-660
4. (A1,P1) Which of the following is not subject to a credit c. Early payment fee.
card fee?
a. Return check fee.
b. Cash advance fee.
c. Early payment fee.
d. Foreign exchange transaction fee.
5. (A1,P1) In order to be eligible for Social Security ben- d. All of the above
efits you must have:
a. A minimum of earned income in each of those quar-
ters.
b. Be an American citizen or legal alien.
, UGBA 135 – Final Actual Exam Questions With Reviewed 100%
Correct Detailed Answers Guaranteed Pass!!
c. 40 quarters of covered employment.
d. All of the above.
6. (A1,P1) If the credit card issuer notifies you of a signif- b. Any of the above.
icant change in terms, and you do not want to accept
them , your options include:
a. Double the percentage of your minimum payment.
b. Any of the above.
c. Close the account by paying off the balance.
d. Increase the monthly payments so the balance will
be paid in five years.
7. (A1,P1) Video: Which of the following should be a high- d. Paying ott credit card
er priority?: debt as soon as possible
a. Paying off student debt as soon as possible
b. Paying off your mortgage as soon as possible
c. All three should have the same priority
d. Paying off credit card debt as soon as possible
8. (A1,P1) Identity theft can be done: d. All the above
a. By email or phone
b. By theft of a wallet or purse
c. By hacking
d. All the above
9. (A1,P1) Video: The median credit score is: b. 712
a. 512
b. 712
c. 612
d. 412
10. b. About $25
, UGBA 135 – Final Actual Exam Questions With Reviewed 100%
Correct Detailed Answers Guaranteed Pass!!
(A1,P1) Video: Ida May Fuller, the first Social Security
recipient, collected $22,888.98 in Social Security ben-
efits. How much had she contributed in payroll taxes?
a. About $250
b. About $25
c. About $25,000
d. About $2,500
11. (A1,P1) Video: Advice varies on which debt to pay off b. The debt with the lowest
first. Which of the following is not a recommended interest rate
choice?
a. The debt that bothers you most
b. The debt with the lowest interest rate
c. The smallest debt
d. The debt with the highest interest rate
12. (A1,P1) Which of the following is true? a. A reward poster for
finding a lost dog is a uni-
a. A reward poster for finding a lost dog is a unilateral lateral contract.
contract.
b. Credit card issuers may solicit students on or near
campus.
c. Your credit score is the most important part of your
credit report.
d. Todays public computers are secure , and will pro-
tect your personal information.
13. (A1,P1) Medicare Part A is: a. All the above
a. All the above
b. Paid for by payroll taxes
, UGBA 135 – Final Actual Exam Questions With Reviewed 100%
Correct Detailed Answers Guaranteed Pass!!
c. Free to seniors who enroll
d. Benefits apply to hospitals and skilled nursing
14. (A1,P1) To avoid a late payment fee, if paying by mail d. Received by the due
the payment must be: date
a. Postmarked by the due date
b. Mailed by the due date
c. None of the above
d. Received by the due date
15. (A1,P1) Interest in a credit card account is normally c. Daily
calculated:
a. Bi-Monthly
b. Yearly
c. Daily
d. Weekly
16. (A1,P1) Which of the following is important when sign- b. All of the above
ing a contract?
a. What constitutes the end of the contract?
b. All of the above
c. Is mediation or arbitration required?
d. What is the reputation of the other parties?
17. (A1,P1) Which of the following is not subject to a credit c. Early payment fee
card fee?
a. Overdraft fee
b. Cash advance fee
