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Free CIFC Exam Braindumps
Canadian Investment Funds Course Questions 16–20 (page: 5)

Updated On: 23-Feb-2026
Page 5 of 46
PDF with 224 Questions

When comparing mutual funds, what information would help a Dealing Representative determine a suitable mutual fund for a client?

  1. Comparing historical rates of return between different types of mutual funds.
  2. Assessing historical differences in the rate of return per unit of risk of similar mutual funds.
  3. Referencing the fund code for each mutual fund that is being compared.
  4. The rights a client has if there is a desire to cancel the purchased mutual fund.

Answer(s): B



Francis wants to redeem his US Asset Allocation Fund as he needs the money for a down payment for a home purchase. The current proceeds from the redemption are USD $27,859, and the current CAD/USD exchange rate is 0.7353.
How much will Francis receive in Canadian dollars when he redeems the Funds? Please round your answer to the nearest dollar.

  1. $37,888
  2. $36,698
  3. $42,861
  4. $35,859

Answer(s): A



The owners of Underground Airways Ltd. want to take their privately owned corporation public through an initial public offering (IPO). They are speaking to a specialist from an investment dealer to determine whether it would be advisable to become listed on a stock exchange or the over-the- counter (OTC) market.

In comparing the two options, which of the following considerations is TRUE?

  1. A stock exchange listing would provide Underground with greater market exposure and public confidence than listing on the OTC market.
  2. Underground would still be directly involved in the trading of their shares on either market.
  3. Underground would be subject to less stringent listing requirements if they chose the stock exchange as compared to the OTC market.
  4. If Underground chose to list on the OTC market, there would be no secondary market available for investors.

Answer(s): A



Sven owns preferred shares that give him the option to sell his holdings back to the issuing company at a predetermined price and within a specified time.
What type of preferred shares does Sven own?

  1. retractable
  2. participating
  3. convertible
  4. redeemable

Answer(s): A



Which of the following characteristics about mortgage mutual funds is CORRECT?

  1. typically monthly distributions of interest
  2. if interest rates fall, the mutual fund's net asset value per unit (NAVPU) will decline
  3. suitable only for high risk investors
  4. risk-free where the mortgages are National Housing Act (NHA) insured

Answer(s): A



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