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Free CIFC Exam Braindumps
Canadian Investment Funds Course Questions 31–35 (page: 8)

Updated On: 23-Feb-2026
Page 8 of 46
PDF with 224 Questions

Which of the following statements best describes dollar-cost averaging?

  1. It is a type of systematic withdrawal program.
  2. It is buying a set dollar amount of a mutual fund on a regular basis
  3. It is the strategy of purchasing a set number of units of a mutual fund on a regular basis.
  4. It is making lump-sum purchases when the market price for a mutual fund is low.

Answer(s): B



Which statement regarding the underwriting process and over-the-counter (OTC) markets is CORRECT?

  1. Corporations must have their shares listed both on an exchange and the OTC market during the underwriting process.
  2. During the underwriting process investment bankers raise investment capital from investors on behalf of corporations and governments issuing securities.
  3. Many new stock issues that are underwritten by securities firms are first listed on a stock exchange before they are sold over-the-counter.
  4. The disclosure standards for stock exchanges are not as stringent as those imposed by the OTC market.

Answer(s): B



Maureen is 65 years old and will be retiring soon. She has a modest portfolio of mutual funds that focus on growth. As she approaches retirement, Maureen wants to switch to investments that provide steady income with low to medium risk.
Given Maureen's wishes, which of the following mutual funds would be suitable for her?

  1. money market funds, mortgage funds, bond funds
  2. money market funds. Canadian dividend funds, sector funds
  3. Canadian dividend funds, global equity index funds, bond funds
  4. money market funds, global equity funds, bond funds

Answer(s): A



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

  1. You can sell mutual funds anywhere in Canada as long as you are registered with one of the provincial or territorial securities commissions.
  2. Your online application must be reviewed and approved by your mutual fund dealer before you can begin to sell mutual funds.
  3. You must renew your registration through the online NRD system every two years.
  4. You must inform the regulatory authorities of any material or significant changes to your personal circumstances.

Answer(s): D



Greg, one of your clients, has been advised by a friend to invest in open-end mutual funds. He is not sure about the differences between open and closed-end funds.
What would you tell Greg about open-end funds?

  1. The number of units is not fixed, and varies with investor demand and redemption orders.
  2. Investors holding open-end funds can buy and sell their mutual funds anytime the stock market is open.
  3. Units are bought and sold amongst the unitholders.
  4. Initial shares in the mutual fund are allotted through an initial public offering (IPO)

Answer(s): A



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