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Free CIFC Exam Braindumps
Canadian Investment Funds Course Questions 76–80 (page: 17)

Updated On: 23-Feb-2026
Page 17 of 46
PDF with 224 Questions

Maxine is a portfolio manager who 15 years ago, purchased 100 shares of Never2Tacky, a social media corporation for Aspirations Global Technology Fund. She purchased the stock when it was trading at $10. Last year, the peak market price was $120. Presently, it is trading at $99. News agencies are now reporting that additional regulations regarding social media companies are about to be agreed upon by G7 countries. Maxine is concerned the market value of Never2Tacky is going to drop. She buys a put option with an exercise price of $95 with an expiry of 9 months.
What type of strategy is Maxine using?

  1. Speculating
  2. Modern portfolio theory
  3. Passively managing
  4. Hedging

Answer(s): D



Nelson is a Dealing Representative with True Wealth Advisors Inc., a mutual fund dealer. Nelson follows proper procedures related to his firm's Relationship Disclosure Information (RDI).
Which of the following CORRECTLY describes how Nelson is permitted to evidence that he satisfied his RDI obligation?

  1. Nelson may retain a copy of the RDI in the client file with detailed notes to confirm that he provided and explained the RDI to the client.
  2. Nelson may deliver the RDI to clients who request it and keep detailed notes of the clients who were provided with the RDI.
  3. Nelson can formalize his relationship under the RDI using a Letter of Engagement that specifies duties, responsibilities, and level of service.
  4. Nelson can record detailed notes which confirm that he provided and explained the Fund Facts to the client within 2 days of the RDI.

Answer(s): A



What role do investment dealers play in the Canadian and global financial markets?

  1. They are contributors to a company's profits.
  2. They are contributors to an investor's earnings.
  3. They assist with the exchange of capital for a financial instrument.
  4. By underwriting financial instruments, they raise capital for investors.

Answer(s): C



Jonathan is a Dealing Representative who has just finished an appointment with his new client, Shirley. Jonathan has concluded that Shirley has a low-risk profile but wants to establish additional savings of $500,000. During their discussion, Shirley emphasizes she wants investments that are also tax efficient. Jonathan learned that currently Shirley has no registered retirement savings plan (RRSP) and tax-free savings account (TFSA) contribution room due to using those opportunities by investmenting elsewhere.

What variable is a PRIMARY consideration for Jonathan when making an investment recommendation?

  1. Investment objective
  2. Shirley's risk profile.
  3. Expected time horizon.
  4. The tax consequences.

Answer(s): B



Which of the following statements is TRUE about the movement of business cycles in the Canadian economy?

  1. A period of economic expansion is followed by a period of economic contraction.
  2. A period of economic expansion is of the same length in every cycle.
  3. A period of economic expansion is always of the same length as a period of economic contraction.
  4. A period of at least 3 consecutive months of contraction is called a recession.

Answer(s): A



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