Regarding TFSA Accounts,which of the Following Is True

question 56

Multiple Choice

Regarding TFSA accounts,which of the following is true?

• A)Using your TFSA for tuition savings makes sense as long as the funds are replaced before the next term.
• B)If your TFSA investment deposit grows from $5000 to $10 000 you can withdraw only the $5000 deposit tax free.
• C)Using a TFSA account for your everyday banking would be a good way to avoid paying tax on the interest from your bank account.
• D)Using a TFSA account to hold a cashable GIC for an emergency will mean you do not have to pay tax on the interest earned.

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Definitions:

Primary Reinforcer

An innately reinforcing stimulus like food or drink, which does not require learning to become pleasurable or satisfying.

Negative Reinforcer

An aversive stimulus whose removal following a behavior increases the likelihood that the behavior will occur again in the future.

Positive Reinforcer

A prompt that, once introduced post-behavior, amplifies the chances of the behavior recurring.

Primary Reinforcer

A stimulus that satisfies a basic physiological need and is inherently rewarding without the need for learning.