CSC Chapter 1-3 practice test #1 Questions and Answers

CSC Chapter 1-3 practice test #1 Questions and Answers Trades and other transactions are cleared and settled through which of the following organizations? CDS Clearing and Depository Services Another term for self-directed broker is... discount broker. Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Front office performs all staff functions pertaining directly to portfolio management activities and includes all of the following except... Trade settlement. Voting shares of large Schedule 1 banks must be widely held, with the control of any single shareholder or group restricted to no more than ___________. twenty percent. Which of the following is not true about Schedule II Banks? They may not engage in all the types of businesses permitted a Schedule I Bank. What is the most important aspect of the insurance business in Canada? Underwriting. All of the following is true of the robo-advisor service except... portfolios are built primarily with mutual funds. Which of the following best describes the relationship between direct and indirect investment? Indirect investment occurs when the saver buys the securities issued by government and corporations, which in turn use the funds for direct investment in plant, equipment, etc. Which of the following are not structured products? Exchanged-traded funds 10. Which of the following is not true with respect to Canadian Exchanges and the products that trade on them? The TSX Venture Exchange trades junior securities, income trusts and ETFs. In Ontario, trades in unlisted securities and unquoted securities are reported through the web-based system of the... Canada Unlisted Board. CanDeal was established to facilitate trading in... bonds. Which group's mission is it to develop a national regulatory system that fosters fair, efficient, and vibrant capital markets? Canadian Securities Administrators In its role of regulator, IIROC is least likely to perform which of the following functions? IIROC performs all of the above. Ms. Xu had $1,250,000 in an Investment Account and $700,000 in her RRSP account. According to CIPF guidelines, she would be covered for... $1,000,000 in her Investment Account and $700,000 in her RRSP account. CDIC insures eligible deposits up to _______ per deposit in each member institution. $ 100,000 The Canadian securities industry follows a... principles-based regulatory model.