1.What is the purpose of getting a pre-approval certificate from a financial institution?

A.To guarantee you a mortgage interest rate valid for 30 days

B.To provide you with a guideline on how large a mortgage you can afford

C.To guarantee you will be approved for a mortgage

D.To guarantee funding so you can make an offer on a house

2.Which of the following is one of the eight major areas of information that may be included on your credit report?

A.information regarding any bank accounts that were closed for derogatory reasons

B.available transcripts from any colleges that were attended

C.private information regarding bankruptcies, judgments, and secured loans

D.the names of creditors who are considering making account inquiries

3.The most important thing to note about an annuity is

A.that the payment increases according to the discount rate.

B.that the payment must not change over time.

C.that it reflects the power of simple interest.

D.it reflects the growth of a single lump sum.