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Q1. In non-registered accounts, investors in high tax brackets will normally prefer mutual funds that generate Select one: a. long-term stock dividends. b. short-term capital

Q1. In non-registered accounts, investors in high tax brackets will normally prefer mutual funds that generate

Select one:

a. long-term stock dividends.

b. short-term capital gains.

c. dividends.

d. long-term capital gains.

Question 2.

Which of the following is wrong?

Select one:

a. The par value of a bond is always its market value.

b. The par value multiplied by the coupon rate equals the interest paid to investors annually.

c. The par value of a bond is its face value.

d. The par value of a bond will be paid to the bondholder at maturity.

Q3. One of the advantages of no-fault automobile insurance is that

Select one:

a. the injured receive immediate medical treatment through their own insurance.

b. it does not use the legal system so the overall costs are much lower.

c. it results in higher jury awards to victims.

d. the drivers who are at fault face no penalties for their risky behaviours.

Q4. Which of the following is a credit management decision?

Select one:

a. Purchasing a used car with cash

b. Putting money into short term investments

c. Putting money into an emergency fund

d. Obtaining a student loan to attend college or university

Q5. Which of the following is not a liquid asset?

Select one:

a. Cash in your pocket

b. Money in a savings account

c. Money in your chequing account

d. Access to your credit card

Q6. The appropriate use of credit

Select one:

a. should increase your credit score.

b. means always making the minimum payment.

c. requires the full limit of your monthly cash flow and liquidity.

d. means always going for the highest credit limit possible.

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