Investment Funds in Canada (CSI IFC I)
Q: 1
Exchange traded funds (ETFs) that track an index and index mutual funds have many similarities.
However, what is a major difference between these two products?
Options
Q: 2
Which of the following money market securities have the highest degree of risk for the investor?
Options
Q: 3
What action does an investor take when making a long margin purchase of common shares at
market?
Options
Q: 4
A husband wishes to transfer some of his non-registered mutual fund holdings to his wife, but wants
to maintain trading authority over the transferred assets. He also wishes to ensure that should she
die, the gift he is making will revert to him. What is the appropriate account type?
Options
Q: 5
Which of the following statements about registered education savings plans (RESPs) is CORRECT?
Options
Q: 6
You are collecting know your client (KYC) information for your new client, Yael. She has recently
accepted an early retirement package from her employer and has $100,000 to invest. She is looking
for an investment that will provide income to help pay her ongoing monthly expenses. Without this
extra income, she would have trouble paying her bills. From your discussions, Yael understands that
markets fluctuate and says she is comfortable with high risk. Which of the following would be a
suitable investment?
Options
Q: 7
What type of mutual fund can invest in specified derivatives and forward contracts for grains, meats,
metals, energy products, and coffee?
Options
Q: 8
Which of the following statements about capital gains distributions from mutual fund trusts is
correct?
Options
Q: 9
Faruq is a Dealing Representative with Smart Planning Group, a mutual fund dealer. Faruq meets
with his new client, Taline, and learns that she lives on a low, fixed income.
Taline tells Faruq that she wants to maximize her investment returns as high as possible to make up
the difference. Taline also indicates that she cannot afford large investment losses because her
income is low. Which of the following CORRECTLY describes how Faruq should assess Taline’s risk
profile?
Options
Q: 10
Which statement best describes key differences between dividend funds and standard equity funds?
Options
Question 1 of 10
