Question 29 (1 point) Which of the following statements is/are correct regarding the CARD Act of 2009? 1. Credit card companies must provide the total cost and the time it will take to pay off the statement balance when making the minimum payment. 2. Individuals under the age of 21 may not qualify for a credit card unless they have proof of income or a cosigner. 3. Companies must apply consumer payments to cards with multiple balances to the lowest interest rate first. O 1) 1 Only 02) 2 Only 03) 2 and 3 O 4) 1 and 2 05) 1,2, and 3 Question 14 (1 point) What are the advantages of term life insurance? 1) It allows you to increase your insurance coverage for specific reasons and specific time periods. 2) It has an investment feature to help with future costs. 3) It has no investment feature so it costs less than other forms of insurance. 4) It requires no medical review before being approved for coverage. Question 41 (1 point) What are the differences between an ETF and a mutual fund? 1. An ETF can be traded like a share of common stock. 2. An ETF can be purchased on margin or sold short like a share of common stock. 3. An ETF is more tax-efficient than most mutual funds. 1) 1 Only 2) 2 Only 3) 1 and 3 4) 1, 2, and 3