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Total 218 Questions | Updated On: Nov 19, 2024

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Question 1

What does a normal yield curve look like?

A : slopes upward to the left

B : is flat and has no slope

C : slopes down to the right

D : slopes upward to the right

Answer: D

Question 2

Karen’s know your client (KYC) profile corresponds to someone who has a long time horizon, is comfortable with risk and volatility, and is primarily interested in growth. She watches the daily movements of the Toronto Stock Exchange (TSX) and wants a mutual fund that will closely match what she sees. What kind of mutual fund would be BEST for her?

A : Canadian small capitalization equity fund

B : Canadian equity index fund

C : Canadian dividend fund

D : Canadian bond fund

Answer: B

Question 3

Which of the following statements about your mutual fund registration is CORRECT?

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

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

C : You must renew your registration through the online NRD system every two years

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

Answer: D

Question 4

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

A : short and long term rates are the same

B : long term rates are lower than short term rates

C : yields decline as term to maturity increases

D : short term rates are lower than long term rates

Answer: D

Question 5

What is the role of a custodian?

A : to ensure safekeeping of all the securities in the portfolio

B : to oversee the general administration of the mutual fund

C : to construct and manage the portfolio of investments

D : to calculate the daily net asset value per unit (NAVPU) of the mutual fund

Answer: A

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Total 218 Questions | Updated On: Nov 19, 2024

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