minutes
2
on the interest that you earn c) Living in the same
A credit report is…? corporate bond
-24
-34
-54
4
-4
-6
b) You cannot earn interest location too long
18
25
45
55
35
a) A list of your financial until you pass your 18th b) A house financed with a
assets and liabilities fixed-rate mortgage d) Using your credit card Couples fared better
birthday frequently for purchases
b) A monthly credit card c) Earnings from savings c) A 10-year bond issued 66.6% 67.7% 67.2% 63.6% 64.3%
13
statement account interest may not by a corporation What can affect the
c) A loan and bill payment be taxed d) A certificate of deposit amount of interest
history d) Income tax may be at a bank that you would pay by family status
10
charged on the interest on a loan?
d) A credit line with a Under which of the
financial institution if your income is high a) Your credit rating
enough following circumstances
gle
on ple
ild ith
ren le
r
3
b) How much you borrow
he
would it be financially
pa ing
Co y
ren
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ch le w
Sin
Ot
l
7
Co
S
Who insures your stocks in beneficial to borrow money
up
Inflation can cause c) How long you take to
the stock market? to buy something now and repay the loan
difficulty in many ways.
a) The National Deposit Which group would have the
repay it with future income?
d) All of the above
68.8% 73.1%
60.0%
Insurance Corporation greatest problem during a) When something is on sale Higher
periods of high inflation educated
by education
14
b) The Securities and b) When the interest on
Exchange Commission that lasts several years? the loan is greater than Which of the following people
a) Young working couples the interest obtained from will help lower the cost fared
c) The Bank of Canada of a house? better
with no children a savings account
d) No one a) Paying off the mortgage
gre y
r le ool
nd st-
b) Young working c) When buying something
de rsit
co po
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ss
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a o sch
over a long period of time
ar
4
ive
By using unit pricing at couples with children on credit allows someone to
se e m
lom gh
So
dip Hi
the grocery store, you get a much better paying job b) Agreeing to pay the current
c) Older, working couples
can easily compare saving for retirement d) It is always more beneficial rate of interest on the mortgage
the cost of any brand to borrow money to buy for as many years as possible Self-employed people fared better
d) Older people living on
and any package size. fixed retirement income
something now and repay c) Making a larger down
it with future income 67.4% 69.6% 67.9% 62.8%
a) True b) False payment at the time of 60.9%
8
purchase
5
Lindsay has saved $12,000
11
If each of the following for her university expenses Which of the following d) Making a smaller down by labour force
persons had the same by working part-time. Her statements is not payment at the time of
amount of take home pay, plan is to start university correct about most purchase
who would need the greatest next year and she needs all ATM (Automated Teller
amount of life insurance? Machine) cards?
d
ed
ed
r
of the money she saved.
he
The average score
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Which of the following is the
mp
a) A young single woman a) You can get cash anywhere for men taking this
Em
em
lf e
Un
with two young children safest place for her univer- in the world with no fee survey was higher
Se