1)

The following points about defined contribution plans are true EXCEPT:

Select one:

a.

they can go with the employee when he or she leaves the company

b.

the benefit to be paid out is known in advance

c.

they can be managed by the employee

d.

they belong to the employee

2)

Which of the following is not true about futures and forward contracts?

Select one:

a.

The value of the futures contract is that the investor is removing the future price uncertainty without incurring any storage costs.

b.

They are a type of stock.

c.

Forward contracts are traded privately as a direct deal made between the seller and the buyer.

d.

Futures contracts are traded publicly.

3)

After you narrow your search, receive mortgage pre-approval, and choose a prospective home, the following step should be taken:

Select one:

a.

identify a market

b.

home inspection

c.

assess affordability

d.

determine your price range