FHCE 3200 Module 2 Exam 2025 Questions and Answers
FHCE 3200 Module 2 Exam 2025 Questions and Answers
Course:
FHCE 3200
Institution:
FHCE 3200
FHCE 3200 Module 2 Exam 2025 Questions and Answers
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Uploaded on: | September 14, 2025 |
Last updated: | September 14, 2025 |
Number of pages: | 8 |
Written in: | 2025/2026 |
Type: | Exam (elaborations) |
Contains: | Questions & Answers |
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FHCE 3200 Module 2 Exam 2025 Questions and Answers To accumulate wealth we need to: - --Answer In order to invest, we need to: - --Answer --invest our savings --save money first In order to save, our income needs to: - --Answer --be greater than our expenses income - expenses = - --Answer savings rate = - --Answer Good debt: - --Answer --surplus (deficit) --savings / income ---mortgages, and the modest amounts of student loans -does not negatively impact our credit score -builds human capital -increases the potential for greater income/wealth in the future Bad debt: - --Answer --revolving credit related debt ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1