Question 5 Isla, a conservative money manager, has a liquidity ratio of 9 months and current ratio of 5. Why is this not ideal? a) Isla has insufficient liquidity to meet unexpected expenses. b) Isla has excess liquidity, likely earning a low return. Isla should maintain her liquidity in the form of a line of credit. d) Isla has not been able to establish the minimum emergency fund. Question 6 Which portion of an Educational Assistance Payment (EAP) is not taxable to the beneficiary? a) Canada Education Savings Grant b) Canada Learning Bond c) Investment income d) Refund of contributions