Question 1 (1 point) Saved Insurance is not a form of risk management. True False Question 2 (1 point) Saved What can Financial Wellness be described as? The knowledge and skills that only financial advisers have The ability to make effective choices with regard to your future and resources A person's needs and wants being identified The ability to read financial statements Question 3 1 point Needs only refer to the basic physiological needs CHE Question 5 (1 point) Saved You can minimize your bank fees by (select all that apply): MS 6 Only using your credit card to make purchases Keeping a certain amount of money in your bank accounts that will be able to cover bills, cheques 9 Only using ATM's, regardless of what bank they are through 12 Using online banking to pay bills and make transfers between your accounts 15 Question 6 (1 point) Which of the following about low risk investments are true (select all that apply: TFSA's RRSP'S RESP's, and GIC's are all considered low risk You can make a high return on low risk investments Low risk investments are insured by the Canadian Government Low risk investments are insured by the banks a TE S 00 ** 99 Question 7 (1 point) There are no advantages to using credit and should be avoided in any situation. This way you will stay debt free. True False Question 8 (1 point) When budgeting, you can increase the money you save by (select all that apply) decreasing income increasing income decreasing expenses increasing expenses O 99+ hp 18 Question 9 (1 point) Saved Owning a home is always better than renting. True False Question 10 (1 point) Saved To protect your identity, it is a good idea to (select all that apply): Regularly viewing financial records such as bills and bank statements Using reputable security software The use of strong passwords Not providing account names or passwords to other people Using email accounts that don't have your name on them 2 3 Question 11 (1 point) Saved Bank account fees can include (select all that apply) . Monthly account fees | INFP fees so Withdrawal fees 11 W Low balance fees 14 15 Question 12 (1 point) When making purchases, ethical financial decisions can be made by making financial choices in line with socially accepted values making financial choices in line with your values filmmaking financial choices that are in line with saving money making financial choices that support small and local businesses O 299 MIX AMUL WIL Purchasing a home requires (check all that apply) A downpayment of 5% of the purchase price A good credit rating Real Estate and Legal Fees A home inspection Question 14 (1 point) In Alberta, mandatory third-party liability coverage select all that apply) Protects you against damages to your vehicle in at fault accidents 0 is required for all drivers 0 Protects you against costs related to injuries or deaths un Protects the belongings in your rental property