Investment Funds in Canada
(IFIC) Chapter I UPDATED
ACTUAL Exam Questions and
CORRECT Answers
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Terms in this set (14)
It's an investment vehicle that
pools contributions from investors
What is a and invests these proceeds into a
mutual fund? variety of securities, including
stocks, bonds, and money market
instruments.
, What are the - Professionally managed
characteristics - Diversified portfolio of securities
of Mutual - Low cost
Funds?
- Professional development
What is the
- Level of competence
value in
- Ethical manner
licensing?
- Regulators' responsibility
- Legal
Types of
- Ethical
Responsibility
- Professional
Make legal responsibilities clear,
an investment is suitable if it fits
the client's goals, financial
Legal condition, personal circumstances,
responsibility investment knowledge and risk
tolerance. All provincial securities
act make this legal responsibility
clear.
You must place your client's needs
Ethical before your own needs, such as
Responsibility reaching a sales target or those of
your dealer.
(IFIC) Chapter I UPDATED
ACTUAL Exam Questions and
CORRECT Answers
Save
Terms in this set (14)
It's an investment vehicle that
pools contributions from investors
What is a and invests these proceeds into a
mutual fund? variety of securities, including
stocks, bonds, and money market
instruments.
, What are the - Professionally managed
characteristics - Diversified portfolio of securities
of Mutual - Low cost
Funds?
- Professional development
What is the
- Level of competence
value in
- Ethical manner
licensing?
- Regulators' responsibility
- Legal
Types of
- Ethical
Responsibility
- Professional
Make legal responsibilities clear,
an investment is suitable if it fits
the client's goals, financial
Legal condition, personal circumstances,
responsibility investment knowledge and risk
tolerance. All provincial securities
act make this legal responsibility
clear.
You must place your client's needs
Ethical before your own needs, such as
Responsibility reaching a sales target or those of
your dealer.
