Question

pregunta 24 (4 puntos)
the typical millionaire would do which of the following?
○ a live on less than they earn
○ b replace items that are not broken
○ c drive a new car
○ d borrow money for large purchases

pregunta 25 (4 puntos)
overdraft fees account for about ______ (what fraction) of a banks revenue?
○ a 1/2
○ b 1/4
○ c 1/3
○ d 2/3

Explanation:

Pregunta 24: Research on typical millionaires shows they prioritize frugality and living within their means, which aligns with spending less than they earn. The other options contradict common millionaire financial habits.
Pregunta 25: Industry data indicates that overdraft fees typically make up approximately one-third of a bank's total non-interest revenue, which is the standard estimate for this category.

Answer:

Pregunta 24: a. live on less than they earn
Pregunta 25: c. 1/3