Q 2 The security that represents equity or ownership of a corporation is

Select one:

a. long-term loans.

b. common stock.

c. stock options.

d. corporate bonds.

Question 3

If IIROC limits the margin on ABC Inc. stock to 70%, initially how much money would you need to personally invest to purchase $10 000 worth of ABC Inc. stock?

Select one:

a. It depends on the price

b. $10 000

c. $3000

d. $7000

Question 4

The CDIC (Canada Deposit Insurance Corporation) insures deposits at chartered banks up to

Select one:

a. $150 000.

b. $50 000.

c. $75 000.

d. $100 000.

Question 5

A budget is not intended to help you determine

Select one:

a. how much money you will have at the end of each month.

b. how to prevent excessive spending to achieve financial goals.

c. a plan for spending all of your income on current needs.

d. how much you can allocate for the future.