To qualify for FULL Old age security benefits

Multiple Choice

You must first be receiving the Guaranteed Income Supplement (GIS)

You must be at least age 60

You must have lived in Canada for at least 40 years since age 18

You must contribute fully to the plan

2.

A key difference between an installment loan and revolving credit is

Multiple Choice

• Installment loans are for a specific amount

• Revolving credit is not reported on the credit bureau

• You do not have to meet the capacity requirement for a revolving credit

• You can only have one type of installment loan at a time

• A revolving credit cannot have collateral attached to it

3.

ETFs and index mutual funds are examples of what investment strategy?

Multiple Choice

• Passive Management

• Asset Allocation

• Strategic Allocation

• Active Management

• Tactical Allocation