1)

When you start to repay a loan, your monthly payments:

Select one:

a.

are mostly the principal and a small amount of the interest

b.

are an equal amount of interest and principal

c.

are mostly the interest and a small amount of the principle

d.

none of these answers are correct

2)

The following are types of First Nations government taxes currently in place EXCEPT:

Select one:

a.

First Nations Goods and Services Tax

b.

First Nations Harmonized Sales Tax

c.

First Nations Sales Tax

d.

First Nations Personal Income Tax

3)

Indigenous Financial Institutions were created for which of the following reasons:

Select one:

a.

the challenge of using on-reserve assets as collateral

b.

a lack of local financial institutions and inability to secure loans from highly-regulated conventional lenders

c.

a lack of access to venture capital and community funds

d.

all of the above

4)

Home ownership not only requires mortgage payments, but also the following operating expenses:

Select one:

a.

insurance

b.

taxes

c.

all of these answers are correct

d.

repair and maintenance expense