1. Which of the following is a credit management decision?
a. Putting money into an emergency fund
b. Purchasing a used car with cash
c. Obtaining a student loan to attend college or university
d. Putting money into short term investments
2. A budget is not intended to help you determine
a. a plan for spending all of your income on current needs.
b. how much you can allocate for the future.
c. how much money you will have at the end of each month.
d. how to prevent excessive spending to achieve financial goals.
3. The bond par value or face value is the amount the investor will be paid when the bond matures.
True
False
4. Stopping payment on a cheque
a. is possible after the cheque clears in cases of disputes.
b. is free if your cheque book is lost or stolen.
c. is a service frequently provided to most customers.
d. can only be accomplished if the cheque has not cleared.
5. Auto insurance rates are based on
a. the number of kilometres and the type of driving you do each year.
b. the condition of your vehicle.
c. your marital status.
d. whether or not you keep your car in the garage.