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CSC CANADIAN SECURITIES
COURSE EXAM|UPDATED
QUESTIONS AND 100% VERIFIED
ANSWERS
Agent - CORRECT-ANSWER-An investment dealer operates as an agent
when it acts on behalf of a buyer or a seller of a security and does not
itself own title to the securities at any time during the transactions.
Broker - CORRECT-ANSWER-An investment dealer or a duly registered
individual that is registered to trade in securities in the capacity of an
agent or principal and is a member of a self-regulatory organization.
CDS Clearing and Depository Services Inc. - CORRECT-ANSWER-CDS
provides customers with physical and electronic facilities to deposit and
withdraw depository-eligible securities and manage their related ledger
positions (securities accounts). CDS also provides electronic clearing
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services both domestically and internationally, allowing customers to
report, confirm and settle securities trade transactions.
Clearing - CORRECT-ANSWER-The process of confirming and matching
security trade details.
Closed-end fund - CORRECT-ANSWER-Shares in closed-end investment
companies are readily transferable in the open market and are bought
and sold like other shares. Capitalization is fixed.
Consumer finance company - CORRECT-ANSWER-Makes direct cash
loans to consumers, who usually are unable to secure a loan from a
bank. Consumer finance companies typically charge a higher interest
rate than banks.
Discount broker - CORRECT-ANSWER-Brokerage house that buys and
sells securities for clients at a greater commission discount than full-
service firms. Also known as self-directed brokers.
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Financial intermediary - CORRECT-ANSWER-An institution such as a
bank, life insurance company, credit union or mutual fund which
receives cash, which it invests, fro suppliers of capital
Fintech - CORRECT-ANSWER-Financial technology companies that take
advantage of computer technology to provice more efficient financial
products and services.
Firewall - CORRECT-ANSWER-Policies implemented to separate and
isolate persons within a firm who make investment decisions from
persons within a firm who are privy to undisclosed material information
which may influence those decisions. For example, there should be
separate fax machines for research departments and sales
departments.
Institutional firm - CORRECT-ANSWER-Investment dealer that serves
institional clients exclusively
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Integrated firm - CORRECT-ANSWER-Investment dealer that offers
products and serices that cover all aspects of the industry, including full
participation in both the institutional and the retail markets
Investment dealer - CORRECT-ANSWER-A person or company that
engages in the business of trading in securities in the capacity of an
agent or principal and is a member of IIROC
Investment fund - CORRECT-ANSWER-A fund or company that selss
units r shares and invests the proceeds in a portoflio fo securities. There
are two principal types; closed-end and open-end or mutual fund.
Shares in closed-end investment companies are readily transferable in
the open market and are bought and sold like other shares.
Capitalization is fixed. Open-end funds sell their own new shares to
investors, buy back their old shares, and are not listed. Open-end funds
are so-called because their capitalization is not fixed; they normally
issue more shares or units as people want them.
Investment industry association of Canada - CORRECT-ANSWER-A
member-based professional association that represents the interests of
market participants.
CSC CANADIAN SECURITIES
COURSE EXAM|UPDATED
QUESTIONS AND 100% VERIFIED
ANSWERS
Agent - CORRECT-ANSWER-An investment dealer operates as an agent
when it acts on behalf of a buyer or a seller of a security and does not
itself own title to the securities at any time during the transactions.
Broker - CORRECT-ANSWER-An investment dealer or a duly registered
individual that is registered to trade in securities in the capacity of an
agent or principal and is a member of a self-regulatory organization.
CDS Clearing and Depository Services Inc. - CORRECT-ANSWER-CDS
provides customers with physical and electronic facilities to deposit and
withdraw depository-eligible securities and manage their related ledger
positions (securities accounts). CDS also provides electronic clearing
, Page |2
services both domestically and internationally, allowing customers to
report, confirm and settle securities trade transactions.
Clearing - CORRECT-ANSWER-The process of confirming and matching
security trade details.
Closed-end fund - CORRECT-ANSWER-Shares in closed-end investment
companies are readily transferable in the open market and are bought
and sold like other shares. Capitalization is fixed.
Consumer finance company - CORRECT-ANSWER-Makes direct cash
loans to consumers, who usually are unable to secure a loan from a
bank. Consumer finance companies typically charge a higher interest
rate than banks.
Discount broker - CORRECT-ANSWER-Brokerage house that buys and
sells securities for clients at a greater commission discount than full-
service firms. Also known as self-directed brokers.
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Financial intermediary - CORRECT-ANSWER-An institution such as a
bank, life insurance company, credit union or mutual fund which
receives cash, which it invests, fro suppliers of capital
Fintech - CORRECT-ANSWER-Financial technology companies that take
advantage of computer technology to provice more efficient financial
products and services.
Firewall - CORRECT-ANSWER-Policies implemented to separate and
isolate persons within a firm who make investment decisions from
persons within a firm who are privy to undisclosed material information
which may influence those decisions. For example, there should be
separate fax machines for research departments and sales
departments.
Institutional firm - CORRECT-ANSWER-Investment dealer that serves
institional clients exclusively
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Integrated firm - CORRECT-ANSWER-Investment dealer that offers
products and serices that cover all aspects of the industry, including full
participation in both the institutional and the retail markets
Investment dealer - CORRECT-ANSWER-A person or company that
engages in the business of trading in securities in the capacity of an
agent or principal and is a member of IIROC
Investment fund - CORRECT-ANSWER-A fund or company that selss
units r shares and invests the proceeds in a portoflio fo securities. There
are two principal types; closed-end and open-end or mutual fund.
Shares in closed-end investment companies are readily transferable in
the open market and are bought and sold like other shares.
Capitalization is fixed. Open-end funds sell their own new shares to
investors, buy back their old shares, and are not listed. Open-end funds
are so-called because their capitalization is not fixed; they normally
issue more shares or units as people want them.
Investment industry association of Canada - CORRECT-ANSWER-A
member-based professional association that represents the interests of
market participants.
