Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors
  1. Home
  2. IFSE Institute
  3. CIFC

IFSE Institute CIFC Exam (page: 3)
IFSE Institute Canadian Investment Funds Course
Updated on: 31-Mar-2026

Viewing Page 3 of 29
CIFC PDF 224 Questions

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



Which of the following statements about capital gains distributions from mutual fund trusts is correct?

  1. Capital gains from mutual fund trusts are deferred until the investor exits the mutual fund.
  2. Capital gains distributions from a mutual fund trust are reported annually on a T3.
  3. Capital gains distributions are not a disposition and are therefore not taxable.
  4. Capital gains from mutual fund distributions are 100% taxable.

Answer(s): B



Which of the following is a rationale for a portfolio manager to use a passive portfolio management strategy?

  1. The manager does not believe in using benchmarks.
  2. The manager wishes to create capital gains in the mutual fund by frequently buying and selling stocks
  3. The manager believes he or she can outperform the market with his or her stock picking skills.
  4. The manager believes that as the markets are fairly priced, it would be futile to look for mis-priced securities.

Answer(s): D



Your client, Rinaldo, wants to know more about the fees associated with his mutual funds.
What can you tell him about a mutual fund's management expense ratio (MER)?

  1. Mutual funds are required to calculate the MER on a daily basis.
  2. Trailer and brokerage fees are charged separately from the MER.
  3. The MER reflects the percentage of each dollar of fund assets that is used to pay for management services.
  4. Mutual fund performance is not impacted by the MER since rates of return are published net of fees.

Answer(s): C



Sujay contributes 3% of his $60,000 salary to his employer's defined contribution pension plan. His employer contributes the same amount to the plan. How will this affect his registered retirement savings plan (RRSP) contribution room for the year?

  1. It will have no effect. RRSP contribution room is based on earned income only.
  2. It will reduce Suiay's contribution room by 51,800.
  3. It will reduce Suiay's contribution room by $1800
  4. It will reduce Suiay's contribution room by $3,600.

Answer(s): D



Viewing Page 3 of 29



Share your comments for IFSE Institute CIFC exam with other users:

Mars 11/16/2023 1:53:00 AM

good and very useful
TAIWAN PROVINCE OF CHINA


ronaldo7 10/24/2023 5:34:00 AM

i cleared the az-104 exam by scoring 930/1000 on the exam. it was all possible due to this platform as it provides premium quality service. thank you!
UNITED STATES


Palash Ghosh 9/11/2023 8:30:00 AM

easy questions
Anonymous


Noor 10/2/2023 7:48:00 AM

could you please upload ad0-127 dumps
INDIA


Kotesh 7/27/2023 2:30:00 AM

good content
Anonymous


Biswa 11/20/2023 9:07:00 AM

understanding about joins
Anonymous


Jimmy Lopez 8/25/2023 10:19:00 AM

please upload oracle cloud infrastructure 2023 foundations associate exam braindumps. thank you.
Anonymous


Lily 4/24/2023 10:50:00 PM

questions made studying easy and enjoyable, passed on the first try!
UNITED STATES


John 8/7/2023 12:12:00 AM

has anyone recently attended safe 6.0 exam? did you see any questions from here?
Anonymous


Big Dog 6/24/2023 4:47:00 PM

question 13 should be dhcp option 43, right?
UNITED STATES


B.Khan 4/19/2022 9:43:00 PM

the buy 1 get 1 is a great deal. so far i have only gone over exam. it looks promissing. i report back once i write my exam.
INDIA


Ganesh 12/24/2023 11:56:00 PM

is this dump good
Anonymous


Albin 10/13/2023 12:37:00 AM

good ................
EUROPEAN UNION


Passed 1/16/2022 9:40:00 AM

passed
GERMANY


Harsh 6/12/2023 1:43:00 PM

yes going good
Anonymous


Salesforce consultant 1/2/2024 1:32:00 PM

good questions for practice
FRANCE


Ridima 9/12/2023 4:18:00 AM

need dump and sap notes for c_s4cpr_2308 - sap certified application associate - sap s/4hana cloud, public edition - sourcing and procurement
Anonymous


Tanvi Rajput 10/6/2023 6:50:00 AM

question 11: d i personally feel some answers are wrong.
UNITED KINGDOM


Anil 7/18/2023 9:38:00 AM

nice questions
Anonymous


Chris 8/26/2023 1:10:00 AM

looking for c1000-158: ibm cloud technical advocate v4 questions
Anonymous


sachin 6/27/2023 1:22:00 PM

can you share the pdf
Anonymous


Blessious Phiri 8/13/2023 10:26:00 AM

admin ii is real technical stuff
Anonymous


Luis Manuel 7/13/2023 9:30:00 PM

could you post the link
UNITED STATES


vijendra 8/18/2023 7:54:00 AM

hello send me dumps
Anonymous


Simeneh 7/9/2023 8:46:00 AM

it is very nice
Anonymous


john 11/16/2023 5:13:00 PM

i gave the amazon dva-c02 tests today and passed. very helpful.
Anonymous


Tao 11/20/2023 8:53:00 AM

there is an incorrect word in the problem statement. for example, in question 1, there is the word "speci c". this is "specific. in the other question, there is the word "noti cation". this is "notification. these mistakes make this site difficult for me to use.
Anonymous


patricks 10/24/2023 6:02:00 AM

passed my az-120 certification exam today with 90% marks. studied using the dumps highly recommended to all.
Anonymous


Ananya 9/14/2023 5:17:00 AM

i need it, plz make it available
UNITED STATES


JM 12/19/2023 2:41:00 PM

q47: intrusion prevention system is the correct answer, not patch management. by definition, there are no patches available for a zero-day vulnerability. the way to prevent an attacker from exploiting a zero-day vulnerability is to use an ips.
UNITED STATES


Ronke 8/18/2023 10:39:00 AM

this is simple but tiugh as well
Anonymous


CesarPA 7/12/2023 10:36:00 PM

questão 4, segundo meu compilador local e o site https://www.jdoodle.com/online-java-compiler/, a resposta correta é "c" !
UNITED STATES


Jeya 9/13/2023 7:50:00 AM

its very useful
INDIA


Tracy 10/24/2023 6:28:00 AM

i mastered my skills and aced the comptia 220-1102 exam with a score of 920/1000. i give the credit to for my success.
Anonymous