Many people make the mistake of believing that they will never experience painful loss. Which of the following is a generally considered a "fixed expense"? Top Homework Help Questions from University of Georgia According to adam smith, people are motivated to be as productive as possible based on their own –. When considering candidates for a job opening, which attribute so hiring managers think is most important? Which statement best describes the relationship between savings rate and age as it pertains to retirement savings? All FHCE courses at the University of Georgia (UGA) in Athens, Georgia. b) how well an individual can manage their finances based on their access to financial resources, an individual's willingness to engage in a risky financial behavior is known as their. FHCE 3200 or FHCE 3200E or FHCE 3250 or FHCE 3250E or HACE 3200 or HACE 3200E or HACE 3250 or HACE 3250E: Semester Course Offered: Offered fall and spring semester every year. Share. b) The earlier a person begins to save, the lower their savings rate must be to have a comfortable retirement. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 3 hours. What is the amount that your insurance company will pay someone else if you are responsible for a auto accident? Which of the following types of expenses NEVER trigger a refundable tax credit? She earned wages of $7,500. What type of scam occurs when an investment manager claims they can guarantee good performance year over year but actually just uses the funds of new investors to pay off older investors? University Of Georgia Introduction to Personal Finance ... FHCE 3200 - Spring 2020 Register Now Fall 2019 FHCE 3200 Syllabus - 42546 (1) (1) (1).doc. FHCE 3200. Learn vocabulary, terms, and more with flashcards, games, and other study tools. What is a person or institution called that is tasked with the responsibility of carrying out a will's directions and disposing of the deceased's property? Universities » University of Georgia (UGA) » HACE - Housing and Consumer Econ.. » 3200 - INTRO TO PERS FINAN » Prof. Ratings & Grades. Which of the following factors is not associated with an individual's financial risk tolerance? If a stock is selling currently for $32, and its earnings per share is $2, what is its P/E ratio? b) Comparing to other strategies, this strategy has the highest adherence rates. Even if a person has high risk tolerance, a financial planner must account for which of the following before recommending a stock-heavy investment portfolio? For young and middle-aged people, future earnings are their greatest asset. 2014/2015. : Course Title: Consumer Economics Theory: Course Description: Microeconomic theories and models of consumer and household decision making with emphasis on the development of the analytical reasoning and economic tools used by consumer economists to model various economic decisions and the market forces that influence these decisions. If a person died unexpectedly, any property that was titled as [BLANK] will automatically transfer to the co-owner. a) Provide value greater than the cost of the debt. According to the rule of 72, how long would it take for an investment of $1,000 to double in value if it is invested in an asset that generates 9 percent return annually? Paul owns a car with a fair market value of $8,000. FHCE 3300E. b) A freelance photographer with two children and a family history of cancer. Which of the following is the most important first step when creating a business? At her death, Melinda had the following assets: [A] $32,000 car, [B] $12,000 savings account, [C] $87,000 401(k) retirement plan with her sister named as the beneficiary, and [D] $50,000 term life insurance policy with her brother named as beneficiary. Want to plan a perfect class schedule? Which of the following are pooled investments that trade in the market like stocks? a) Money can buy happiness, so long as people focus their spending on luxury cars... All of the following are true regarding the relationship of money and happiness EXCEPT... c) the typical person suffers from a host of biases that reduce investment returns to less than half of the typical market return. Universities » University of Georgia (UGA) » BIOL - Biology » 3700 - Animal Behavior » Prof. Ratings & Grades. 0 0. All of the following describe the "track every penny" budgeting strategy EXCEPT... d) All of the above are benefits of using budgeting apps. Which of the following is an example of income derived from an investment? Learn vocabulary, terms, and more with flashcards, games, and other study tools. c) To have enough for a $50,000 down payment on a home saved by the time I am 28. The Individual Retirement Account where pre-tax contributions can be made is known as: Withdrawals from which of the following accounts is tax free (assuming the withdrawal is made when a person is 60 years old)? The University of Georgia United States and Georgia History Exam. Intro to Pers Finan. But why may a person in a very low tax bracket opt for a Traditional IRA? In 2015, Jennifer has sold over 40 large LED TVs and 29 laptops. Learn vocabulary, terms, and more with flashcards, games, and other study tools. What will $200,000 grow to be in 9 years if it is invested to day in an account with an annual interest rate of 10%? 1 pages. b) Having an evidence-based business model, vetted by your advisors. 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