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IFSE Institute CIFC Exam With Confidence Using Practice Dumps

Exam Code:
CIFC
Exam Name:
Canadian Investment Funds Course Exam
Certification:
Vendor:
Questions:
224
Last Updated:
Feb 27, 2026
Exam Status:
Stable
IFSE Institute CIFC

CIFC: Investments & Banking Exam 2025 Study Guide Pdf and Test Engine

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Canadian Investment Funds Course Exam Questions and Answers

Question 1

Karen’s know your client (KYC) profile corresponds to someone who has a long time horizon, is comfortable with risk and volatility, and is primarily interested in growth. She watches the daily movements of the Toronto Stock Exchange (TSX) and wants a mutual fund that will closely match what she sees.

What kind of mutual fund would be BEST for her?

Options:

A.

Canadian small capitalization equity fund

B.

Canadian equity index fund

C.

Canadian dividend fund

D.

Canadian bond fund

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Question 2

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

Options:

A.

They are contributors to a company's profits.

B.

They are contributors to an investor's earnings.

C.

They assist with the exchange of capital for a financial instrument.

D.

By underwriting financial instruments, they raise capital for investors.

Question 3

Daisy is a Dealing Representative registered in the province of Saskatchewan only. Daisy’s client, Orville, a resident of Lloydminster, Saskatchewan is a retiree who presently has a $1,000,000 with her dealer, Easy Ride Financial. Orville is now planning to move to Vegreville, Alberta next month. Easy Ride Financial is registered in Alberta and Saskatchewan. Neither Easy Ride Financial nor Daisy have any clients who are resident in Alberta.

Which of the following should Daisy do if she wants to continue to service Orville’s account?

Options:

A.

Request approval from the Mutual Fund Dealers Association of Canada to be eligible to be a registered Dealing Representative in Alberta

B.

Daisy could seek permission from her dealer to request a client mobility exemption with the Alberta Securities Commission.

C.

Daisy will need to forfeit her registration in Saskatchewan if she wants to be registered in Alberta to keep Orville as a client.

D.

Register with a different mutual fund dealer that is registered in Alberta so she can keep Orville as a client.