True
False
Question 32:
(1 Point)
is an account for funds set aside in the event of a personal financial dilemma, such as a job
loss, a debilitating illness or a major repair to your home. It requires you to maintain adequate liquidity.
A Credit Score account
A Segregated account
An emergency fund
A Life insurance contract
A Registered Retirement Savings Plan (RRSP) account
Question 33:
(1 Point)
Lauren has just become eligible to participate in her company's retirement plan; she is excited as her
company matches her contributions dollar for dollar in this plan. The plan averages an annual return of
8% interest compounded weekly. Lauren is 25 years old and plans to retire at age 60. She receives her
pay at the end of each month and will contribute 6% of her gross monthly salary of $3,000 into her
retirement plan. How much will she have in her retirement plan when she retires?
$829,972
$998,765
$971,216
$825,798
$735,608
Question 34:
(1 Point)
Which of the following statements best describes the role of the executor (liquidator in Quebec)?
An executor may be required to collect any money owed to the estate, pay off any debts owed by the
that are part of the estate, appoint a guardian for minor children,