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IFSE Institute CIFC Exam Dumps Questions and Answers

Exam Code: CIFC
Certification: Investments & Banking
Last Update: Dec 21, 2024
Questions: 224 With Expert Explanation
10  Customers Passed IFSE Institute CIFC
85%  Average Success In Real Exam
86%  Questions came word by word from this dump
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All Investments & Banking Related Certification Exams

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Canadian Investment Funds Course Exam Questions and Answers

Questions 1

Which of the following statements describes a feature of the Home Buyers’ Plan (HBP)?

Options:

A.

To qualify- as a first-time home buyer you or your spouse must never have previously owned a home

B.

Once you are required to repay the amounts back to your RRSP. any missed or incomplete payments are subject to tax.

C.

A qualifying home must be purchased by December 31 of the year of withdrawal.

D.

If you have a spouse or common-law partner, each of you can withdraw up to JE50.000 from your registered retirement savings plans (RRSPs).

Questions 2

Sylvia decided to use the savings from her bank account to purchase a 5-year bond. The face value of the bond is $10,000, the market price is $9,230 and the coupon rate is 7%.

What is the current yield on the bond? Round to 2 decimal places.

Options:

A.

7.00%

B.

7.25%

C.

7.58%

D.

7.75%

Questions 3

Which of the following form part of the disclosure documents relating to mutual funds?

Options:

A.

balance sheet, income and cash flow statements of the portfolio management company

B.

statement of net assets, annual information form, management reports of fund performance

C.

annual proxy voting record, audited financial statements, and proof of registration

D.

new account information form, quarterly financial statements, and security certification

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