Q 1. Which of the following is an example of secured debt? 2. Grace opens a checking account and is writing a check to make a payment to her physician. Which of the following should be filled by Grace on the check? 3. Which of the following can cause a credit application to be declined? 4. Lily earns $80,000 a year and saves $8,000. The formula for savings ratio is as follows: Savings Ratio = Savings ÷ Income How much more should Lily save to be productive and reach her targeted savings ratio of 12%? 5. In which of the following cases does a person receive income as an investor?