Question 1 (1 point) When the average client decides they do not need all their available funds for the immediate purpose of consumption they tend to: 1) Move all available funds into their RRSP. 2) Transfer those funds to pay down outstanding mortgage balances. 3) Leave those excess funds on deposit with their financial institution. 4) Ask their financial planner for advice on where to invest the money. Question 2 (1 point) In its simplest form, savings represents: 1) A carefully structured plan of setting aside un-needed cash. 2) A conscious plan to accumulate funds. 3) Income that savers ensure they have a specific use for. 4) Income that has been earned but not yet spent. Question 3 (1 point) Risk is: 1) The possibility of a potential loss. 2) Something that investors need to avoid. 3) Capable of being eliminated by the use of insurance products. 4) Present in some investments, except for bonds