1. The least risky, lower interest paying bonds are
a. Crown corporation bonds.
b. corporate AA bonds.
c. provincial bonds.
d. federal government bonds.
2. The major underwriting factors of life insurance are age and sex, although occupations, health, and lifestyle choices are also considered.
True
False
3. The disadvantage of leasing a vehicle is
a. the cost of finding a buyer for the car at the termination of the lease.
b. the consideration of the resale value at the end of the lease.
c. the responsibility for maintenance costs.
d. there is no equity in the car.
3. Your budget is influenced by your income, which in turn is influenced by your education and career decisions.
True
False
4. A legal document in which individuals specify their preferences in the event that they become mentally or physically disabled is called a
a. letter of wishes.
b. power of attorney.
c. living trust.
d. living will.