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Investment Funds in Canada (IFIC) Chapter I Questions with verified answers passed

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Investment Funds in Canada (IFIC) Chapter I Questions with verified answers passed

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Investment Funds in Canada (IFIC)
Chapter I Questions with verified
answers passed

When was the start of mutual funds? - correct answer ✔✔Netherlands in 1774



How mutual funds solve problem investors? - correct answer ✔✔1) professionally managed, 2)
diversified portfolio of securities at 3) low cost



First investment funds available to general public? - correct answer ✔✔Fixed Trust (1890s)



Firm would issues shares to investors. Corporations who make investments - correct answer
✔✔Closed-End Fund



Modern mutual fund 1920s. They are not traded on stock exchange, dapat fund company -
correct answer ✔✔Open-Ended Mutual Funds



Acquiring license to deal MF has value yin wei ... - correct answer ✔✔1. professional dev't

2. level of competence

3. ethics.important

4. regulators' responsibility



Types of Responsibility in Selling MF - correct answer ✔✔1. Legal

2. Ethical

3. Professional - best service
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