INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.

A. The terms "tax free" and "tax deferred" [do | do not] mean the same thing.

B. The [longer | shorter] the period of time you expect to live in a house, the more likely refinancing is a sound financial decision.

C. Usually a married couple will pay less income tax if they file [jointly | separately]..

D. 529 plans are best suited for a child [already in college | with several years left before going to college]

E. The [lower | higher] a bond's rating, the more likely the issuer will default.

F. [Stocks | Your house] would be considered to be real property.