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Investment Funds in Canada Questions
and Correct Answers
Mutual Fund
Ans✅✅: Investment vehicle that pools contributions from investors and
invests in a variety of securities
Unit Holder
Ans✅✅: Individuals who contribute money to a mutual fund and share in
the profits and losses
Money Market Instruments
Ans✅✅: Short-term debt securities such as Treasury bills and
commercial bills
Professional Money Managers
Ans✅✅: Individuals who manage the assets of a mutual fund according
to policies and investment style
Evolution of Mutual Funds
Ans✅✅: Developed to reduce costs and provide professional management
to investors
Understanding Clients and Products
Ans✅✅: Important for responsible investing and providing best client
service
Ethical Responsibility
Ans✅✅: Placing client needs before personal interests
Pretest - Stuvia US
Investment Funds in Canada Questions
and Correct Answers
Mutual Fund
Ans✅✅: Investment vehicle that pools contributions from investors and
invests in a variety of securities
Unit Holder
Ans✅✅: Individuals who contribute money to a mutual fund and share in
the profits and losses
Money Market Instruments
Ans✅✅: Short-term debt securities such as Treasury bills and
commercial bills
Professional Money Managers
Ans✅✅: Individuals who manage the assets of a mutual fund according
to policies and investment style
Evolution of Mutual Funds
Ans✅✅: Developed to reduce costs and provide professional management
to investors
Understanding Clients and Products
Ans✅✅: Important for responsible investing and providing best client
service
Ethical Responsibility
Ans✅✅: Placing client needs before personal interests
Pretest - Stuvia US
