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Question 79/202

What is the first step before becoming eligible for registration as a mutual fund dealing representative?

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Question List (202q)
Question 1: Which type of mutual fund is best suited to a client who is ...
Question 2: Which of the following statements are CORRECT about labour s...
Question 3: Louis is the portfolio manager for Quattro Fund. The mandate...
Question 4: What type of investment account has the option to open it wi...
Question 5: Daisy is a Dealing Representative registered in the province...
Question 6: A husband wishes to transfer some of his non-registered mutu...
Question 7: An investor wishes to add another security to his portfolio....
Question 8: Your client Jerry's asset mix is deviating from the original...
Question 9: What type of asset allocation strategy rebalances asset clas...
Question 10: Which of the following is typical for a normal yield curve?...
Question 11: An investor owns equity mutual funds and is concerned about ...
Question 12: What response would a loss-averse investor be most likely to...
Question 13: Which stock would be considered the most defensive?...
Question 14: The ZZZ Money Market Fund has a 7-day yield of 0.05%. What i...
Question 15: What would be considered a fixed asset of a company?...
Question 16: Which investor's needs would be BEST met with an income trus...
Question 17: While assessing the suitability of an investment recommendat...
Question 18: Your soon-to-be-retired client has accumulated $700,000 in a...
Question 19: What type of risk remains unaffected by diversification?...
Question 20: When opening a new non-registered account, which client info...
Question 21: Lydia wants to transfer units of her Sussex Growth Fund to h...
Question 22: Which example demonstrates direct use of capital savings?...
Question 23: Robin is preparing for a client meeting. She is gathering in...
Question 24: Which of the following form part of the disclosure documents...
Question 25: An increase in which factor is a result of a deflationary en...
Question 26: A mutual fund sales representative is asked to make a presen...
Question 27: What percentage are specialty funds in a portfolio with $84,...
Question 28: Your clients, Jessica and Ken, want to buy a house next year...
Question 29: David had $10,000 in his investment account with Dynamic Inv...
Question 30: Which person would be categorized as a vulnerable client?...
Question 31: What type of mutual fund can invest in specified derivatives...
Question 32: What type of mutual fund seeks to provide a positive real ra...
Question 33: Yesterday, Mariana purchased mutual funds for the first time...
Question 34: Yesterday, Mariana who is new to investing and purchased mut...
Question 35: Eleanora receives a $500 eligible Canadian dividend from her...
Question 36: Your employer has a contributory group RRSP under which he m...
Question 37: Sarah and Kyle are a married couple. They are both 34 years ...
Question 38: Which of the following is included when calculating a countr...
Question 39: What is an example of an indirect investment?...
Question 40: What portion of the withdrawal from a Registered Educational...
Question 41: Greg, one of your clients, has been advised by a friend to i...
Question 42: Ai Fen has recently become registered to sell mutual funds w...
Question 43: Evan owns retractable preferred shares of Ingram Corp. Which...
Question 44: A portfolio manager first analyzes a variety of asset mixes ...
Question 45: Francis wants to redeem his US Asset Allocation Fund as he n...
Question 46: When reviewing a company's balance sheets, what ratio best d...
Question 47: Terri, 30 years old, is the marketing manager at Provincial ...
Question 48: Carol contributed $500 to her TFSA. $350 was invested in ABC...
Question 49: When must client complaints be acknowledged in writing?...
Question 50: A client wishes to deal with one registered representative f...
Question 51: What is the step in the financial planning process that incl...
Question 52: Which among the following BEST describes a company's income ...
Question 53: Which Sharpe ratio result would indicate that the fund earne...
Question 54: The XYZ Canadian Equity Income fund is classified as a large...
Question 55: Janine will celebrate her 71st birthday this year. She curre...
Question 56: Iliana owns 1,000 participating preferred shares in the Firs...
Question 57: Which exemplifies the tendency of mutual fund companies to s...
Question 58: Nelson is a Dealing Representative with True Wealth Advisors...
Question 59: Which financial target would usually indicate a medium-term ...
Question 60: Portia is a Dealing Representative with Highview Wealth Inc....
Question 61: What trait or characteristic is normally associated with a p...
Question 62: A client has $100,000 in savings, $5,000 in bank accounts, a...
Question 63: What stage in the business cycle typically has increasing wa...
Question 64: All else being equal, which factor impacts fixed-income dura...
Question 65: A married couple is opening a spousal RRSP account in the na...
Question 66: Which of the following statements about registered education...
Question 67: During the calendar year, Firmansyah received a $1,800 eligi...
Question 68: One of your clients, Fernando, is approaching 71 years of ag...
Question 69: Quinton, a Dealing Representative, meets with his client Ban...
Question 70: Which factors would cause the management expense ratio charg...
Question 71: Ian is 25, employed, and has no dependents. He has no curren...
Question 72: Sean purchases 500 units of Penn Canadian Equity Fund when t...
Question 73: Your clients, Philip and Helen, have a disabled son, Alex, a...
Question 74: Sudhir is interested in an investment where he can share cor...
Question 75: What role do investment dealers play in the Canadian and glo...
Question 76: Which of the following is a conflict of interest that should...
Question 77: Jabir begins the registration process with his new dealer Pr...
Question 78: Why is it important to include ethical decision-making as a ...
Question 79: What is the first step before becoming eligible for registra...
Question 80: Your client, a high-income earner in a high marginal tax bra...
Question 81: Which document contains information regarding the Independen...
Question 82: Every February, Reginald, a Dealing Representative, feels pr...
Question 83: Frederic recently sold his units in a US dollar (USD) denomi...
Question 84: On which of the following does the Personal Information Prot...
Question 85: What areas are addressed in the Client Relationship Model (C...
Question 86: Grant is a Dealing Representative with WealthPlus Securities...
Question 87: Lucas wants to participate in the Lifelong Learning Program ...
Question 88: Jack and Jill hold a mutual fund account as tenants in commo...
Question 89: When comparing mutual funds, what information would help a D...
Question 90: Which index would investors use as a benchmark for doing res...
Question 91: What equity investment philosophy places greater emphasis on...
Question 92: What does PIPEDA require firms in Canada to do?...
Question 93: Winter is a Dealing Representative with Top Tier Investing, ...
Question 94: Marc asks his new client for copies of his mortgage document...
Question 95: Which of the following formulas correctly shows how taxable ...
Question 96: All other factors being equal, which fund outperformed the b...
Question 97: If the Consumer Price Index (CPI) was 140.6 last year and 14...
Question 98: Lucas is 60 years old and continues to work. He presently is...
Question 99: What information does Fund Facts provide to potential invest...
Question 100: BUG Inc. has a beta of 1.65. If the market drops by 18.48% o...
Question 101: Your client, Mrs. DaSousa, would like to diversify her portf...
Question 102: Your client, Rinaldo, wants to know more about the fees asso...
Question 103: The portfolio manager of the High Income Fund has 90% of the...
Question 104: Your client contacts you requesting that you purchase a mutu...
Question 105: If an investor was looking for an investment with a risk equ...
Question 106: What financial instrument is used for publicly-funded capita...
Question 107: Which of the following statements about global equity funds ...
Question 108: Which of the following Dealing Representatives has fulfilled...
Question 109: Based on return and performance, which fund should be recomm...
Question 110: What activity is expected of mutual funds registrants?...
Question 111: Karen works Monday to Wednesday for a member of the MFDA as ...
Question 112: Bernadette has a high-paying job and is in the top tax brack...
Question 113: Julia invested in ERF energy mutual fund three years ago. At...
Question 114: How is the annual contribution limit for a TFSA determined?...
Question 115: Which statement regarding Canada's income tax system is CORR...
Question 116: What type of unemployment is caused by a lack of skilled wor...
Question 117: How might a registrant provide beneficial mutual fund advice...
Question 118: Reagan has accepted a role to be the Chief Revenue Officer o...
Question 119: Which of the following individuals would qualify for a full ...
Question 120: What is the national self-regulatory organization (SRO) for ...
Question 121: Which investment securities will change value depending on t...
Question 122: Jasmine received an inheritance from her grandmother of $10,...
Question 123: In a mutual fund dealer, who is the person responsible for e...
Question 124: What term applies to unemployment created by a new technolog...
Question 125: A dealing representative explains the past performance of a ...
Question 126: Your client Charlie is thinking about making a large investm...
Question 127: What term describes the range of possible future outcomes on...
Question 128: Calculate the 2-year simple return for the AAA Mutual Fund. ...
Question 129: Which of the following applies to a mutual fund trust?...
Question 130: Recently interest rates have gone up. Your customer, Mr. Cor...
Question 131: For what reason do different entities have securities create...
Question 132: A portfolio manager of a bond fund who believes interest rat...
Question 133: The Mutual Fund Dealers Association of Canada (MFDA) has str...
Question 134: A mutual fund representative meets with a young family whose...
Question 135: Which of the following statements is TRUE about inflation?...
Question 136: Which of the following best describes implied needs of your ...
Question 137: You are concerned about upcoming weakness in the Canadian do...
Question 138: An investor purchases units of an equity fund for $17.60. In...
Question 139: Which of the following CORRECTLY describes a material confli...
Question 140: Based on the financial planning pyramid, what security would...
Question 141: Dale will be using his mutual fund portfolio to supplement h...
Question 142: Rank the decisions made by a portfolio manager in order of i...
Question 143: Which of the following money market securities have the high...
Question 144: Douglas, aged 73, won a lottery prize of $100,000 last week....
Question 145: Zara buys a future contract with an underlying value of $100...
Question 146: An unlicensed person was hired at a securities administrator...
Question 147: Patrick is a portfolio manager for the HyperTally Growth Fun...
Question 148: Charlotte has received proceeds from a deceased family membe...
Question 149: Based on your discussions with your client Sierra, you belie...
Question 150: Which financial leverage ratio measures a company's ability ...
Question 151: Who is responsible for the explicit costs of operating a mut...
Question 152: Greg is a Dealing Representative. As a part of his business ...
Question 153: Which of the following statement about Exchange Traded Funds...
Question 154: The owners of Underground Airways Ltd. want to take their pr...
Question 155: On January 2nd of this year Evan purchased 500 preferred sha...
Question 156: Jacinta is a Dealing Representative with WealthSource Partne...
Question 157: Hamid, the portfolio manager of the Trabant Canadian Equity ...
Question 158: What do Guaranteed Income Supplement (GIS) and Allowance for...
Question 159: What bias results in investors valuing an asset that they ow...
Question 160: What amount of Canadian taxes would an investor with a 33% m...
Question 161: What program requires pensioners to reside in Canada for a s...
Question 162: Sujay contributes 3% of his $60,000 salary to his employer's...
Question 163: Beatrice is looking for comprehensive information regarding ...
Question 164: What statement CORRECTLY describes a key difference between ...
Question 165: What information can be found from a simplified prospectus i...
Question 166: A fund manager has diversified the equity portfolio he manag...
Question 167: Stan, a portfolio manager, is looking at two steel companies...
Question 168: Megan purchases a treasury bill for $98,200. When it matures...
Question 169: Your client, James, would like to work beyond the normal ret...
Question 170: Helen is an experienced investor and after all these years s...
Question 171: Your client's unused RRSP contribution room is $46,000. He c...
Question 172: You are meeting a new client, Steven, and you are trying to ...
Question 173: An employer wants to offer his employees a pension plan. The...
Question 174: In what circumstance would an investor receive a T3 or T5 re...
Question 175: What best describes why mortgage funds generally have less s...
Question 176: Gershon is a Dealing Representative and he opens a new accou...
Question 177: Raybert has a very short-term investment objective and has d...
Question 178: Exchange traded funds (ETFs) that track an index and index m...
Question 179: What type of fee does a mutual fund sponsor often reduce the...
Question 180: The following data is available for an investment: Purchase ...
Question 181: Khuyen is a Dealing Representative for Stark Contrast Invest...
Question 182: When purchasing a mutual fund, what is the correct way to de...
Question 183: A sales representative has accepted an instruction from a re...
Question 184: The following table shows Sabrina's earned income for the pa...
Question 185: Davis invested in a tactical asset allocation fund in his no...
Question 186: Axis Wealth Management Inc. is a mutual fund dealer and memb...
Question 187: Ellen and her only son Jeff live on the family farm with her...
Question 188: When selecting an investment to add to a portfolio, what fea...
Question 189: Which drawback of the comparison universe method makes avera...
Question 190: What is a requirement when holding an RRIF?...
Question 191: A portfolio that incurs a substantial loss due to a signific...
Question 192: What entity receives all fund money obtained from investors ...
Question 193: Maxine is a portfolio manager who 15 years ago, purchased 10...
Question 194: Maalik opens an account for a new client, John. During the n...
Question 195: Which of the following statements about nominee name account...
Question 196: Last year, a hedge fund had a gross return of 22%. The hurdl...
Question 197: What is the role of a custodian?...
Question 198: Xerxes, 45 years old, is a successful architect, having an a...
Question 199: Which of the following Dealing Representatives has CORRECTLY...
Question 200: As per CIRO policy, what is a required step after receiving ...
Question 201: Justin and Yvonne both open a Registered Education Savings P...
Question 202: Which statement regarding the Fund Facts document is CORRECT...