최신 CIFC 무료덤프 - IFSE Institute Canadian Investment Funds Course

문제1

Bernadette has a high-paying job and is in the top tax bracket. She recently received a payment of $5 million upon the settlement of her uncle's estate. Bernadette would like to invest her inheritance in financial products that would not only grow her money but is also income tax friendly.
Which of the following would provide the most favourable tax treatment?

A. Dividends received from a large foreign corporation.

B. Capital gains from stock investments.

C. Coupon payments from Government of Canada bonds.

D. Dividends from a large public Canadian corporation.

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제2

Lucas is 60 years old and continues to work. He presently is a plan holder of a registered retirement savings plan (RRSP). He is considering changing his RRSP to a registered retirement income fund (RRIF).
Which of the following statements is CORRECT?

A. Investments that qualify as an eligible investment for a RRIF are different than for an RRSP.

B. Once he changes his RRSP to a RRIF, his unused total RRSP contribution room is lost.

C. Minimal withdrawals are required to start in the current calendar year his RRIF was established.

D. There is no minimum age to be an annuitant to a RRIF.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제3

Your client Jerry's asset mix is deviating from the original target asset mix because the stock market has had strong performance. Equities are now over-weighted in Jerry's account. The original target asset mix is still valid since Jerry's situation has not changed. He is invested in several bond and equity mutual funds. What should you do?

A. advise him to sell a portion of assets invested in bond funds and reinvest the proceeds into equity funds

B. advise him to sell a portion of assets invested in equity funds and reinvest the proceeds into bond funds

C. advise him to change his know your client (KYC) form to reflect more growth

D. advise him to do nothing since equities could outperform bonds in the next year

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제4

Your employer has a contributory group RRSP under which he matches employee contributions, up to a maximum of 5% of salary.
Which of the following statements about a group registered retirement savings plan (RRSP) is CORRECT?

A. It is more costly and time consuming to administer than traditional pension plans.

B. If you leave your employer, your group RRSP stays with the employer.

C. The employer chooses the plan provider.

D. You need to wait until you file your taxes to receive your contribution tax deduction.

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제5

Which of the following statements about registered education savings plans (RESPs) is CORRECT?

A. There is a yearly contribution limit per beneficiary.

B. RESPs must be collapsed by the end of the 31st year of its starting date

C. Contributions to RESPs are tax deductible.

D. Contributed funds grow tax-free within the plan.

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제6

Jasmine received an inheritance from her grandmother of $10,000. She wants to invest her money wisely. She has seen in the news that a particular energy company is doing very well and has good prospects. She has also seen how volatile its share price has been in the last year. She knows the risks of the resource sector and wants to invest but is not comfortable with so much volatility. Which of the following mutual fund benefits would address her concern?

A. convenience

B. low cost

C. liquidity

D. diversification

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제7

Tony, the investment manager of True North Canadian Equity Fund is deciding on some new investments. He has done an economic analysis of the various provinces and sectors of the Canadian economy and has determined that Nova Scotia and Alberta present the best prospects. He has also identified potential in the oil and gas sector. He narrows down his selection to an oil supply firm in Medicine Hat and a drilling company in Halifax.
What investment approach is Tony employing?

A. bottom-up

B. top-down

C. value investing

D. growth at a reasonable price (GARP)

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제8

Which of the following is typical for a normal yield curve?

A. long term rates are lower than short term rates

B. yields decline as term to maturity increases

C. short and long term rates are the same

D. short term rates are lower than long term rates

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제9

Iliana owns 1,000 participating preferred shares in the First Canadian Bank. Which of the following features are characteristic of her investment?

A. Iliana is able to vote at the annual general meeting and elect members of the board of directors.

B. Iliana has the right to purchase more preferred shares in the company before common shareholders.

C. Iliana has a right to share in the bank's net profits over and above the specified dividend rate.

D. Iliana can convert her preferred shares to common shares at a fixed price and within a specified time period.

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제10

Greg is a Dealing Representative. As a part of his business building activity, Greg prepares several messages to post on his website and Facebook page. Which statement CORRECTLY describes this situation?

A. Greg must not discuss the investment performance, rankings, or ratings of a fund in his communication.

B. Greg's messages must be approved by his dealer before he can publish or issue the communication.

C. Posting messages to Facebook is prohibited by Canada's Anti-Spam Law (CASL).

D. Posting a sales communication to a website is prohibited by the Personal Information Protection and Electronic Documents Act (PIPEDA).

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제11

Raybert has a very short-term investment objective and has decided to purchase money market instruments.
There are plenty of 90-day money market securities available for him to choose from. Although Raybert is aware that all the respective issuers have a similar need for his capital, no matter what he decides, he can only afford to purchase one.
In terms of financial markets and their relationship to the principles of supply and demand, which characteristic of investment capital are the issuers being exposed to?

A. Sensitivity

B. Risk

C. Scarcity

D. Mobility

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제12

Which of the following actions by the federal government or the Bank of Canada is an example of monetary policy?

A. increasing spending on road construction and maintenance

B. increasing taxes

C. increasing the cost of borrowing

D. increasing transfer payments to particular provinces

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제13

David had $10,000 in his investment account with Dynamic Investments, a mutual funds dealer. On June 28, David wants to buy 500 units in ABC Canadian Dividend Fund that has a Net Asset Value Per Unit (NAVPU) of $14.10. His friend Robert suggests that he may get a better price if he used the strategy of dollar-cost averaging. David then instructs his Dealing Representative to place a purchase order for 100 units on the first of every month starting July 1st for the next 5 months.
The orders are executed at the following NAVPUs.
July 01, $14.00
Aug. 01, $14.50
Sep. 01, $15.00
Oct. 01, $14.25
Nov. 01, $16.50
Did David get a better purchase price following the dollar-cost averaging strategy compared to making a lump-sum purchase of 500 shares on Jun 28, 20xx?

A. David realizes that Dollar cost averaging is the best strategy for getting lower prices.

B. David got his 500 units at a lower price than the lump sum price he would have paid.

C. David got his 500 units at a higher price than the lump sum price he would have paid

D. David got his 500 units at the same price as the lump sum price he would have paid.

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제14

Charlotte has received proceeds from a deceased family member's estate. Charlotte decides to visit Malik, who's a Dealing Representative at her bank. She tells Malik, she does not know much about trading ETFs, but she wants to invest in ETFs. Charlotte says she feels fortunate to have this money and that she's not worried about losing it because she never planned on having any of it.
What element of the Know Your Client (KYC) information has Malik been able to learn?

A. Risk Preference

B. Risk Capacity

C. Risk Tolerance

D. Risk Profile

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제15

Marta is turning 71 years old this year. She will have to convert her registered retirement savings plan (RRSP) to a registered retirement income fund (RRIF). Which of the following statements is TRUE?

A. She does not have to withdraw the minimum amount this year.

B. She will be subject to annual maximum withdrawal limits.

C. She will be able to continue contributing to her RRIF and be subject to the same annual limits as her RRSP.

D. When she converts her RRSP to a RRIF, she will incur a tax liability.

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

최신 CIFC 무료덤프 - IFSE Institute Canadian Investment Funds Course

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