What Is the Correct Chronological Order of the Items Listed

question 76

Multiple Choice

What is the correct chronological order of the items listed below?

• A) Good credit history, loan contract, repayment schedule, loan application
• B) Good credit history, loan application, loan contract, repayment schedule
• C) Good credit history, repayment schedule, loan application, loan contract
• D) Good credit history, repayment schedule, loan contract, loan application

---

Definitions:

Retirement Saving Plan

A financial arrangement designed to save money for retirement, often with tax advantages.

Income

Money received, especially on a regular basis, for work or through investments.

Deferred Annuity

An insurance contract that delays payments of income, installments or a lump sum until the investor elects to receive them.

Permanent Pension

A pension that is paid throughout the lifetime of the beneficiary, often until death.