Payments Made to You by Old Age Security Are Based

question 15

Multiple Choice

Payments made to you by Old Age Security are based on

• A)your residency in Canada between ages 16 and 65.
• B)the length of time you worked in Canada prior to age 65.
• C)your average YMPE earnings between ages 18 and 65.
• D)your adult residency in Canada between 10 and 40 years.

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Definitions:

Systematic Risk

The risk inherent to the entire market or market segment, also known as market risk, which cannot be avoided through diversification.

Asset-specific Risk

The risk that affects the value of a particular asset, such as changes in its market or sector, distinct from market-wide risk.

Unsystematic Risk

The risk associated with an individual asset or investment, distinct from market-wide risks.

Risk-free Rate of Return

The theoretical return on an investment with zero risk, typically based on government bonds.