q 1: On an amortization schedule, more interest and less principal is paid each month as the loan matures.

Select one:

True

False

Question 2

Condominiums have the advantages of sharing expenses among owners and giving the owners more privacy than single-family homes.

Select one:

True

False

Question 3

Insurance protects you against potential financial losses or liability that result from unexpected events.

Select one:

True

False

Question 4

Collision and comprehensive coverage is optional in most provinces except if you are financing your car, in which case your lender usually requires proof that you have this coverage to protect its interests.

Select one:

True

False

Question 5

Health insurance protects net worth by minimizing the chance that you will have to reduce savings or incur debt when you require medical attention.

Select one:

True

False