Which of the following is generally considered to be a source of expensive loans? A. . C. D. retailers banks trust companies credit unions family members During 2020, you received dividends of $850 and capital gain distributions of $540 from your mutual fund provider. If you hold your investments outside of an RRSP, or a TFSA, the tax consequences of receiving that money is that: A . C only the capital gains are taxable. only the dividends are taxable. both amounts must be included as taxable income. both amounts are tax exempt. It is impossible to determine the tax consequences for dividend income and capital gain distributions unless the shares of the mutual fund are sold to another investor E Identify the correct statements. 1. Shortening the term of a loan will reduce total interest charges. 2. The interest component of each installment loan payment rises over time. 3. A credit card holder who pays at least the minimum balance each month will remain in good standing with the credit card company. 1 only 1 and 3, only 1 and 2, only 1, 2 and 3 2 and 3, only D E. . Life insurance can be used as a way to provide liquidity for a person's estate at the time of their death. . B . True False Which statement is correct about whole life insurance? . . whole life premiums increase with your age. policy holders overpay in the later years of the policy. whole life insurance is cheaper than term life. whole life insurance is the best choice for most people, whole life insurance builds up cash value. D E 2. If you die without a valid will: A . C D E your province's legal system will distribute your estate, the government confiscates your property your relatives or friends will automatically get your property the federal court decides how the property should be distributed. municipal laws will determine how your property is distributed