6. Cecilia bought a S36,000 kitchen set from Home Appliances Shop. She will make 12 equal payments over the next year to pay for the kitchen set. She is making use of: a. open-end credit b. revolving credit c. closed-end credit d. a line of credit 7. Which of the following statements is/are truc, if the relevant income of a relevant employee under a MPF scheme is only $5,000 in a particular month? (1) the employer does not have to pay a mandatory contribution (ii) the employee does not have to pay a mandatory contribution (iii) both the employer and the employee have to pay the mandatory contribution (iv) the employer has to pay a $250 mandatory contribution a. (i) only b. (i) and (ii) only c. (iii) only d. (iv) only 8. Benjamin has received a $80.000 gift from his grandmother and is trying to decide how to invest it. He thinks he would like to invest the money in stocks because he knows that the stock prices have been inercasing by about 10% over the past few years. What aspect of investing interests Benjamin? a. Risk b. Return c. Income d. Diversification 9. Fundamentally, the life insurance premium is determined by the a. forces of supply and demand b. use of mortality tables c. forces of competition d. guesswork of insurance executives