Financial Planning Quiz

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Financial Planning Quiz
You'll need to correctly answer at least 7 of the 13 questions below (at least 50%) to progress to the next unit.
Question #1: What is the first part of creating a Financial Plan?
Question #2: What is the proper order of the Financial Planning Road Map?
Question #3: What does "Pay Yourself First" mean?
Question #4: If you start small when paying yourself first, it won't be worth it.
Question #5: Some banks will note the "limits" you have set on credit cards and will let you know when you have reached them.
Question #6: Which of the following are "What If's" that you should save extra for?
Question #7: You don't need to tell AFBS who your beneficiary is.
Question #8: All banks are considered financial institutions, but not all financial institutions are banks.
Question #9: A credit union is owned by its depositors and borrowers.
Question #10: Young people don't need to have a will.
Question #11: Generally, income tax is not immediately deducted from performers' paycheques.
Question #12: If income taxes are not immediately deducted from a performer's paycheque, then s/he has no income tax to pay on those earnings.
Question #13: As a performer, you can reduce the amount of tax you have to pay by using an RRSP or claiming proper business expenses.