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Investment Funds in Canada (IFIC) Chapter I UPDATED ACTUAL Exam Questions and CORRECT Answers

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Investment Funds in Canada (IFIC) Chapter I UPDATED ACTUAL Exam Questions and CORRECT Answers Netherlands in 1774 - CORRECT ANSWER - When was the start of mutual funds? 1) professionally managed, 2) diversified portfolio of securities at 3) low cost - CORRECT ANSWER - How mutual funds solve problem investors?

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Investment Funds in Canada (IFIC) Chapter
I UPDATED ACTUAL Exam Questions
and CORRECT Answers
Netherlands in 1774 - CORRECT ANSWER - When was the start of mutual funds?


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



Fixed Trust (1890s) - CORRECT ANSWER - First investment funds available to general
public?


Closed-End Fund - CORRECT ANSWER - Firm would issues shares to investors.
Corporations who make investments


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


1. professional dev't
2. level of competence
3. ethics.important

4. regulators' responsibility - CORRECT ANSWER - Acquiring license to deal MF has
value yin wei ...


1. Legal
2. Ethical

3. Professional - best service - CORRECT ANSWER - Types of Responsibility in Selling
MF

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