Canadian Securities Course CSC2 Updated Exam

Canadian Securities Course Exam 2 Questions and Answers

Question 33

What must happen for a redemption to be processed from a mutual fund?

Options:

Payment for redeemed securities must be within two business days after the NAVPS is determined.

Mutual funds representatives must submit the order within two business days of when the order is received from the client.

The offering price of the mutual fund must be calculated.

The client redeeming the mutual fund must receive a Fund facts document.

Question 34

Jenny contributed $5,000 each year for five years to a spousal RRSP in Albert ' s name. In the calendar year immediately following Jenny ' s last contribution, Albert withdrew $25,000 from the RRSP. What are the tax implications of the withdrawal for Albert and Jenny?

Options:

Albert includes $10,000 in his taxable income and Jenny includes $15,000 in her taxable income.

No effect on Jenny ' s taxable income and Albert includes $25,000 in his taxable income.

Jenny includes $25,000 in her taxable income and Albert includes $0 in his taxable income.

Jenny includes $10,000 in her taxable income and Albert includes $15,000 in his taxable income.

Question 35

What is one type of linked PPN in Canada?

Options:

Participation

Zero-coupon plus option

Performance

Stock basket

Question 36

A business trust would typically purchase the underlying company assets of which type of operation?

Options:

Senior housing

Restaurants

Industrial rentals

Shopping centres

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Canadian Securities Course CSC2 Updated Exam

Canadian Securities Course Exam 2 Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce