Ugba 135 midterm 1 Study guides, Revision notes & Summaries

UGBA 135 Midterm #1 Exam With 100% Correct Answers 2023 21st Century Millionare - Someone who can financially take care of themselves without help from any government agency, living the life they want to lead - After working for 40 years, only 5% of people are financially independent (don't need government assistance) - Cornerstone of their wealth = being frugal (not cheap, but value-oriented) --> budget and spend carefully, live within their means - People who succeed have goals Do...

UGBA 135 MIDTERM 1 2024 QUIZZES & ANS, GRADED A+

1. What is an emergency fund and what is used for? - Answer- - savings to cover 3 to 6 months of living expenses in readily available cash to be used only in the event of an emergency (15% of the earnings paycheck) Standard Savings account What is our definition of a millionaire? - Answer- someone who can take care of themselves without help from a government agency, financially independent, live the life they want to lead What is the rule of 72? - Answer- How long it will take to double y...

ugba 135 midterm 1ALL Bankruptcy are handled in federal court - correct answer TRUE Should you always try to contribute enough to your 401K to get the employer match? - correct answer Yes Are community property laws established by the IRS or states? - correct answer States What is a notary public? - correct answer A public officer constituted by law to witness the execution of certain classes of documents like mortgage documents, wills, trusts, deeds What is a prenup agreement? - cor...

ugba 135 midterm 1 Question and answers 2023/2024 verified to passALL Bankruptcy are handled in federal court - correct answer TRUE Should you always try to contribute enough to your 401K to get the employer match? - correct answer Yes Are community property laws established by the IRS or states? - correct answer States What is a notary public? - correct answer A public officer constituted by law to witness the execution of certain classes of documents like mortgage documents, wills, tr...

UGBA 135 Midterm 1 Exam With 100% Correct Answers 2023

UGBA 135 Midterm 1 With 100% Correct Answers 2023

ugba 135 midterm 1ALL Bankruptcy are handled in federal court - correct answer TRUE Should you always try to contribute enough to your 401K to get the employer match? - correct answer Yes Are community property laws established by the IRS or states? - correct answer States What is a notary public? - correct answer A public officer constituted by law to witness the execution of certain classes of documents like mortgage documents, wills, trusts, deeds What is a prenup agreement? - cor...

UGBA 135 Midterm 1 Exam

UGBA 135 Midterm 1 (Fall 2023)