IFSE Institute Canadian Investment Funds Course - CIFC Exam Practice Test

A. $1,320.00

B. $1,200.00

C. $1-188.00

D. $1, 12.12

A. value investing

B. bottom-up

C. top-down

D. growth at a reasonable price (GARP)

A. They increase your registered retirement savings plan (RRSP) room by the amount of the pension adjustment.

B. They represent how much your pension will increase due to years of service.

C. They represent how much your pension is reduced due to market conditions.

D. You will receive a PA whether you are in a defined contribution or a defined benefit pension plan.

A. Normally has a financial interest in the client's account or assets.

B. Often involved with providing care for the client who requires personal assistance.

C. Has the authority to make financial decisions on behalf of the client.

D. Can simplify difficult financial concepts for the client.

A. Your online application must be reviewed and approved by your mutual fund dealer before you can begin to sell mutual funds.

B. You must inform the regulatory authorities of any material or significant changes to your personal circumstances.

C. You can sell mutual funds anywhere in Canada as long as you are registered with one of the provincial or territorial securities commissions.

D. You must renew your registration through the online NRD system every two years.

A. Underground would be subject to less stringent listing requirements if they chose the stock exchange as compared to the OTC market.

B. If Underground chose to list on the OTC market, there would be no secondary market available for investors.

C. Underground would still be directly involved in the trading of their shares on either market.

D. A stock exchange listing would provide Underground with greater market exposure and public confidence than listing on the OTC market.

A. Reagan is not required to inform her dealer of this outside activity if none of her colleagues from the charity become clients.

B. The dealer will closely monitor her sales activities to ensure any clients from the charity are not getting a discount on potential fees.

C. The regulator will limit her from providing financial services to anyone associated with the charity.

D. Holding both positions at the same time is a violation of securities industry rules and regulations .

A. Katrina, who is 75 years old and just immigrated to Canada from the U.S. last month.

B. Donald, who is 65 years old and has lived in Canada since his birth but worked in Australia for the past
10 years.

C. Marcus, who is 60 years old, a Canadian citizen, and has lived in Canada for 20 years.

D. Lenny, who is 65 years old and was born and raised in Canada, but lived in Jamaica from ages 25 to 65.

A. If Jehona wants to execute trades for Sokol's account, Sokol must provide his specific authorization before the trades are entered.

B. If Sokol has signed a Limited Authorization Form, Jehona can process the trades in the account without Sokol's pre-approval.

C. If Jehona wants to execute the trades without Sokol's pre-approval, Sokol must first appoint Jehona as his Power of Attorney.

D. If Sokol has given Jehona discretionary trading authority, Jehona can process trades in the account without Sokol's pre-approval.

A. RESPs are attractive to Justin and Yvonne because they are tax-free investment plans.

B. Contributions made by Justin and Yvonne are eligible for a tax deduction in the year they are contributed.

C. There is an annual contribution limit of $2,500 that Justin and Yvonne can contribute to an RESP.

D. Justin and Yvonne may contribute a combined lifetime maximum of $50,000 for Grace.

A. Due to inflation, Pippa will experience a capital loss once her bond reaches maturity.

B. With capital appreciation at 7% annually, Pippa's capital gain will be reduced by inflation at maturity.

C. With the unanticipated rise in inflation, Pippa will benefit from a higher real rate of return as well.

D. The return of investment capital will have lower purchasing power than prior to investing.

A. Convertible preferred shares

B. Redeemable preferred shares

C. Cumulative preferred shares

D. Participating preferred shares

A. $348.00

B. $522.00

C. $695.76

D. $870.00