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CSI Updated IFC Exam Questions and Answers by ema

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CSI IFC Exam Overview :

Exam Name: Investment Funds in Canada (IFC) Exam
Exam Code: IFC Dumps
Vendor: CSI Certification: Canadian Securities Course
Questions: 486 Q&A's Shared By: ema
Question 40

An employee may begin offering mutual fund advice following the completion of which requirement?

Options:

A.

Registration as a representative.

B.

Industry-related proficiency courses.

C.

Six-month close supervision.

D.

90-day training program.

Discussion
Question 41

A fund manager is selling industrial sector stocks and using the proceeds to overweight the portfolio in financial services stocks to take advantage of her belief of changes in the business cycle. What equity investing philosophy describes this approach?

Options:

A.

Growth investing

B.

Momentum investing

C.

Sector rotation

D.

Growth at a reasonable price

Discussion
Question 42

An investor deposits $80,000 in a 10-year, segregated fund contract worth $50,000 at maturity; assuming the contract guarantee is set at 75%, how much will the investor be paid (maturity guarantee)?

Options:

A.

$30,000

B.

$37,500

C.

$10,000

D.

$22,500

Discussion
Question 43

Sofie is a busy mutual fund sales representative. She would like to move clients that are invested in low-yielding cash accounts to her firm’s higher-yielding proprietary money market mutual fund. She confirms the orders with the clients, then instructs her new sales assistant, who will write the IFC exam next week, to enter orders to buy units in this fund. How has Sofie violated the standards of conduct?

Options:

A.

She allowed an unregistered individual to process the order to buy units

B.

She failed to establish a scheduled review for her clients’ accounts

C.

She has done insufficient research and violated her due diligence requirement

D.

She violated no standards of conduct

Discussion
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