Which Is Not an Early Warning Sign of Financial Trouble

question 2

Multiple Choice

Which is not an early warning sign of financial trouble to come in the future?

• A)Not having an emergency fund
• B)Paying only the minimum amount on a credit card bill
• C)Not having a monthly budget
• D)Investing in a 401(k)or a 403(b)plan

---

Definitions:

UCC

Stands for the Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across the country.

Finance Lease

A lease agreement where the lessee assumes both the risks and rewards of ownership of the asset, but legal title may not be transferred.

Acquires Title

The act of obtaining legal ownership of a property or asset.

Lessor

The party that rents or leases property to another party, known as the lessee.