q 1. A deductions represent an amount that can reduce total income to arrive at a taxable income.

Select one:

True

False

Question 2

Bank ABM charges may be substantial if you make many transactions monthly at an ABM machine that is not sponsored by your bank.

Select one:

True

False

Question 3

The proper use and control of credit is the best way to build a good credit history.

Select one:

True

False

Question 4

The most important element affecting your credit score is your payment history.

Select one:

True

False

Question 5

A personal loan is different from access to credit from a credit card in that it is normally used to finance one large purchase and has a specific repayment schedule.

Select one:

True

False