MSR Upskilling Part 1

Which of these is not a reason why people invest

• Purchasing a house

• Funding children's education

• Building a personal rainy day

• To become King Midas

You can't save money by

• Investing in a mutual fund

• Saving in a high Interest Savings Account

• Sticking money under a mattress

• Going on a shopping spree

Wealth can be obtained through

• Investing

• Praying

• Fantasizing

• Hoping

Kindred creates opportunities for wealth accumulation not by

• Offering specific financial products

• Offering Loans

• Offering professional & ethical advice

• Offering money doubling services

Which of these is not a purpose for money?

• Transactionary

• Speculative

• Presumptionary

• Precautionary

Which of these is not a level of risk tolerance?

• Conservative

• Balanced

• Growth

• Stampeding

Interest rates can be

• Simple or Complicated

• Simple or Entangled

• Single or Compound

• Simple or compound

A registered account can be

• RTSP

• TFSA

• RRCD

• LDRA

TFSA was introduced by the government in?

• 2010

• 2012

• 2009

• 2007

The maximum amount in a lifetime that can be contributed to an RESP per beneficiary is

• 72,000

• 18,000

• 50,000

• 7,200