Which statement about Tax-Free Savings Account (TFSA) is incorrect? You will accumulate TFSA contribution room for each year even if you do not file an income tax return or open a TFSA All amounts withdrawn from a TFSA are free of tax You can have more than one TFSA at any given time, but the total amount you contribute to all your TFSAs cannot be more than your available TFSA contribution room for that yea Contributions made to a TFSA are tax-deductible. Question 3 (1 point) A Conventional Mortgage is: A mortgage where the down payment is at least 20% of the home's appraised value. When the spouse reverts the home back to the other spouse through divorce proceedings A bankruptcy term that allows you to get out of your mortgage without penalty When you reduce the interest rate on your mortgage to a lower market interest rate Question 5 (1 point) Which of the following would be classified as equity financing for a firm? Suppliers, non-bank lenders, and commercial banks Preferred shareholders, common shareholders, and retained earnings Non-bank lenders, common shareholders, and commercial banks Preferred shareholders, banks, and non-bank lenders Question 10 (1 point) Davinder is considering whether or not to hire Amanpreet to be her financial advisor. Which of the following is the best question for Davinder to ask to help her negotiate a lower fee from Amanpreet: "What can you offer that no one else can? "What is the lowest price you can give me?" What prices do your competitors offer?" Why do I have to pay fees?" Question 11 (1 point) When health insurance is available through an employer, the cost to the employee is typically higher than an individual policy. lower than an individual policy. paid for by the employer O paid for by the government. Question 14 (1 point) Amanpreet carries comprehensive insurance coverage and is involved in a car accident. The other driver carries liability and collision insurance. Amanpreet's car is destroyed, and both insurance companies determine that Amanpreet is at fault for the accident. Who is responsible for paying for damages to Amanpreet's Her insurance company 0. The other driver Jamie must pay all damages herself The other driver's insurance company