TRUE/FALSE Write if the statement is true and the statement is false 1) Buying on credit is almost always cheaper this paying cash. 2) Parents or family members are often the source of the least expensive 3) The first step to creating an investment plan is to establish investness goals 3 T 4) Investors less than 35 years old are less likely to invest in mutual funds than my other age group 5) High-yield bond funds are sometimes referred to as junk-bood funds 6) One of the misconceptions about retirement is that your expenses will drop when you refire 7) All earnings in a tax-sheltered annuity grow without current federal taxation 8) You can depend on Social Security and your company pension to pay for your hasic living expenses MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 9) By evaluating your credit options, you may: A) discover a less expensive type of loan B) reduce your finance charges. C) reconsider your decision to borrow money. D) find a lender that charges a lower rate. E) All of these 10) The most expensive loans are available from: A) federal savings banks. B) credit unions. C) friends. D) finance companies. E) parents. TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 11) Because an index mutual fund is a mirror image of a specific index, the dollar value of a share in an index fund increases when the index increases. MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 12) If Marjorie Wilcox borrows $200 for one year with an APR of 12% and an annual service fee of $10, what is her total cost of credit? 12) B 11