Cifc exam - Study guides, Class notes & Summaries

IFSE - CIFC - Unit 7 Exam with complete solutions 2024_2025.

IFSE - CIFC - Unit 6 exam solved 100% Where and when was the first mutual fund created? -Correct Answer-Netherlands late 1700s After the Netherlands, to which countries did mutual funds spread? -Correct Answer-England, France, USA (1800s) When was the first open-end mutual fund created in the USA? -Correct Answer-1924 When was the first Canadian mutual fund established (CI Canadian Investment Fund)? -Correct Answer-1932 Which years in mutual fund history had huge economic downturns?...

IFSE - CIFC - Unit 4 exam solved 100% 3 Common Economic Indicators -Correct Answer-1. Gross Domestic Product (GDP) 2. Inflation Rate 3. Unemployment Rate Gross Domestic Product (GDP) -Correct Answer-A measure of the total market value of all the final goods and services produced in the economy in a year. Measured in dollars. Consumer Price Index (CPI) -Correct Answer-a measure of the overall cost of about 600 goods and services bought by a typical consumer. Calculated in relation to a b...

IFSE - CIFC - Unit 1 Exam with complete solutions 2024_2025.

IFSE - CIFC - Unit 2 Exam with complete solutions 2024_2025.

1. To whom are you permitted to make an unsolicited telephone call to market new products ("cold-call") if they have signed up on the National Do Not Call List (DNCL)? - correct answer someone with whom you already have a business relationship Which of the following statements about Mutual Fund Dealers Association of Canada (MFDA) is CORRECT? - correct answer It is a self-regulatory organization for the distribution side of the Canadian mutual funds industry. What is the role of the ...

Mutual Funds - correct answer Investments that hold a collection of different securities such as equities and bonds. Holdings - correct answer Collectively, the securities in a mutual fund The 3 main investment objectives - correct answer 1. Safety of Principal 2. Income 3. Growth Safety of Principal - correct answer Strive to protect investors from losing any of their original investment. Investors expect to get back at a minimum the amount of money they put into the investme...

IFSE - CIFC - Unit 2 exam questions with correct answers Ethical Conduct -Correct Answer-Adheres to approved standards CCO (Chief Compliance Officer) -Correct Answer-Responsible for establishing and maintaining compliance policies and procedures as well as monitoring and assessing compliance. Must submit an annual report to the board of directors detailing the compliance assessment. CRM (Client Relationship Model) -Correct Answer-- Relationship disclosure - Client communications - Clie...

Mutual Fund Corporation - correct answer - investors are shareholders - board of directors governs the fund - board of directors are elected by the shareholders at the fund's annual general meeting Mutual Fund Trust - correct answer - investors are unit-holders - no board of directors. Governed by trusts or trustees - unit-holders don't have authority to appoint trustees Mutual Funds Complex - correct answer - mutual fund manager - portfolio manager - custodian - distributor ...

Where and when was the first mutual fund created? - correct answer Netherlands late 1700s After the Netherlands, to which countries did mutual funds spread? - correct answer England, France, USA (1800s) When was the first open-end mutual fund created in the USA? - correct answer 1924 When was the first Canadian mutual fund established (CI Canadian Investment Fund)? - correct answer 1932 Which years in mutual fund history had huge economic downturns? - correct answer 2002 an...