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IFSE Institute Updated CIFC Exam Questions and Answers by minha

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IFSE Institute CIFC Exam Overview :

Exam Name: Canadian Investment Funds Course Exam
Exam Code: CIFC Dumps
Vendor: IFSE Institute Certification: Investments & Banking
Questions: 224 Q&A's Shared By: minha
Question 24

Sarah and Kyle are a married couple. They are both 34 years of age and work as teachers. Their combined annual income is $130,000. They are able to save $800 each month. They own a home worth

$340,000 with a $120,000 mortgage. Since they work for the same employer, they have the same defined benefit pension plan. Other than a tax-free savings account (TFSA) in Kyle's name with $5,000, they do not have any other assets.

They are avid sailors and want to save towards a purchase of a sailboat. For the type of sailboat they want, they estimate it should cost around $65,000. They want you to recommend an investment for their monthly savings to help them achieve their goal faster.

What question should you ask them next?

Options:

A.

How much do you make individually each year?

B.

How would you feel if you lost part of your money in the short-term?

C.

What is your investment objective for these savings?

D.

What is your net worth?

Discussion
Question 25

Which of the following statements about global equity funds is TRUE?

Options:

A.

They may invest in all countries including the investment fund manager's home country.

B.

They must invest almost exclusively outside of the Americas.

C.

They are always less risky than Canadian equity funds.

D.

They specialize in one or two countries.

Discussion
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Question 26

What information does Fund Facts provide to potential investors?

Options:

A.

What the mutual fund is currently investing in.

B.

How to calculate the taxes owed from investment income.

C.

The portfolio management strategy that is used.

D.

The remuneration paid to the Independent Review Committee.

Discussion
Question 27

Catarina is a Dealing Representative for Ethical Financial which represents 20 different mutual fund families. Darlene is a fund manager from one of those mutual fund families and wants to send a gift card to Catarina as a symbol of appreciation. Ethical Financial's policies and procedures manual (PPM) require that Catarina decline the gift.

What method of addressing conflict of interest is being used by Ethical Financial?

Options:

A.

Potential

B.

Disclosure

C.

Avoidance

D.

Control

Discussion
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