{"id":120148,"date":"2026-02-17T08:23:05","date_gmt":"2026-02-17T08:23:05","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=120148"},"modified":"2026-03-31T07:16:32","modified_gmt":"2026-03-31T07:16:32","slug":"prepare-smart-with-the-latest-ifc-dumps-v8-02-2026-check-ifc-free-dumps-part-1-q1-q40-first","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/prepare-smart-with-the-latest-ifc-dumps-v8-02-2026-check-ifc-free-dumps-part-1-q1-q40-first.html","title":{"rendered":"Prepare Smart with the Latest IFC Dumps (V8.02) 2026 &#8211; Check IFC Free Dumps (Part 1, Q1-Q40) First"},"content":{"rendered":"<p>The Investment Funds in Canada (IFC) course equips advisors with foundational knowledge to provide effective mutual fund investment advice tailored to clients&#8217; objectives, timelines, and risk tolerance, while also covering the legal, ethical, and professional responsibilities of mutual fund representatives. Achieving success in the IFC exam requires focused preparation and reliable study material. The latest IFC dumps (V8.02) from DumpsBase provide complete coverage of exam topics with expertly verified questions that match the latest IFC exam syllabus. Each section is designed to help you understand concepts in depth and gain confidence before the actual Investment Funds in Canada exam. Choose DumpsBase to prepare for your IFC exam today. The latest IFC dumps (V8.02) are created to strengthen your preparation and provide a real sense of what to expect on the Investment Funds in Canada exam day.<\/p>\n<h2>We have <span style=\"background-color: #ccffcc;\"><em>IFC free dumps (Part 1, Q1-Q40) of V8.02 below<\/em><\/span> to help you check the quality:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam11554\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-11554\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-11554\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-453667'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>A mutual fund sales representative receives a client\u2019s purchase order for equity mutual funds and confirms that the order is appropriate based on the client\u2019s recorded investment knowledge and risk tolerance. The client explains that she had inherited the funds from a family member. The client states her investment objective to be long term. The representative records this information and processes the order. <br \/>\r<br>What the representative doesn\u2019t know is that the client has recently lost her job and is living on unemployment insurance. <br \/>\r<br>What step did the representative need to take in order to uphold her duty of care?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='453667' \/><input type='hidden' id='answerType453667' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453667[]' id='answer-id-1754565' class='answer   answerof-453667 ' value='1754565'   \/><label for='answer-id-1754565' id='answer-label-1754565' class=' answer'><span>The representative should have applied the test of suitability to the unsolicited order<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453667[]' id='answer-id-1754566' class='answer   answerof-453667 ' value='1754566'   \/><label for='answer-id-1754566' id='answer-label-1754566' class=' answer'><span>The representative should have verified that the client\u2019s KYC information was updated before applying the suitability test<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453667[]' id='answer-id-1754567' class='answer   answerof-453667 ' value='1754567'   \/><label for='answer-id-1754567' id='answer-label-1754567' class=' answer'><span>The representative should have probed the client\u2019s understanding of equity funds<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453667[]' id='answer-id-1754568' class='answer   answerof-453667 ' value='1754568'   \/><label for='answer-id-1754568' id='answer-label-1754568' class=' answer'><span>The representative should have applied due diligence in matching the order to the client\u2019s KYC information<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-453668'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>A mutual fund representative misrepresents the risks associated with a particular mutual fund in order to encourage a conservative client to purchase it. <br \/>\r<br>What part of MFDA Rule No. 2 \u201cBusiness Conduct\u201d did the representative violate?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='453668' \/><input type='hidden' id='answerType453668' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453668[]' id='answer-id-1754569' class='answer   answerof-453668 ' value='1754569'   \/><label for='answer-id-1754569' id='answer-label-1754569' class=' answer'><span>Deal fairly, honestly, and in good faith with clients<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453668[]' id='answer-id-1754570' class='answer   answerof-453668 ' value='1754570'   \/><label for='answer-id-1754570' id='answer-label-1754570' class=' answer'><span>Have such experience and training as is consistent with the standards acceptable to the industry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453668[]' id='answer-id-1754571' class='answer   answerof-453668 ' value='1754571'   \/><label for='answer-id-1754571' id='answer-label-1754571' class=' answer'><span>Not engage in business conduct or practice that is unbecoming or detrimental to the public interest<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453668[]' id='answer-id-1754572' class='answer   answerof-453668 ' value='1754572'   \/><label for='answer-id-1754572' id='answer-label-1754572' class=' answer'><span>Observe a high standard of ethics and conduct<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-453669'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Based on the financial planning pyramid, what security would be appropriate for a very aggressive investor?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='453669' \/><input type='hidden' id='answerType453669' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453669[]' id='answer-id-1754573' class='answer   answerof-453669 ' value='1754573'   \/><label for='answer-id-1754573' id='answer-label-1754573' class=' answer'><span>Commodities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453669[]' id='answer-id-1754574' class='answer   answerof-453669 ' value='1754574'   \/><label for='answer-id-1754574' id='answer-label-1754574' class=' answer'><span>Tax shelters<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453669[]' id='answer-id-1754575' class='answer   answerof-453669 ' value='1754575'   \/><label for='answer-id-1754575' id='answer-label-1754575' class=' answer'><span>Foreign stocks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453669[]' id='answer-id-1754576' class='answer   answerof-453669 ' value='1754576'   \/><label for='answer-id-1754576' id='answer-label-1754576' class=' answer'><span>Over the Counter (OTC) Securities<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-453670'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>A husband wishes to transfer some of his non-registered mutual fund holdings to his wife, but wants to maintain trading authority over the transferred assets. He also wishes to ensure that should she die, the gift he is making will revert to him. <br \/>\r<br>What is the appropriate account type?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='453670' \/><input type='hidden' id='answerType453670' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453670[]' id='answer-id-1754577' class='answer   answerof-453670 ' value='1754577'   \/><label for='answer-id-1754577' id='answer-label-1754577' class=' answer'><span>Open a nominee account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453670[]' id='answer-id-1754578' class='answer   answerof-453670 ' value='1754578'   \/><label for='answer-id-1754578' id='answer-label-1754578' class=' answer'><span>Open an account in his wife\u2019s name only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453670[]' id='answer-id-1754579' class='answer   answerof-453670 ' value='1754579'   \/><label for='answer-id-1754579' id='answer-label-1754579' class=' answer'><span>Open a joint account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453670[]' id='answer-id-1754580' class='answer   answerof-453670 ' value='1754580'   \/><label for='answer-id-1754580' id='answer-label-1754580' class=' answer'><span>Open a tenants in common account<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-453671'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>You are the portfolio manager for the ABC asset allocation fund. Interest rates are going up; the stock market has been very volatile recently and is forecast to continue that way for the next two quarters. <br \/>\r<br>What changes, if any, will you make to your current asset allocation of 50% bonds and 50% equities?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='453671' \/><input type='hidden' id='answerType453671' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453671[]' id='answer-id-1754581' class='answer   answerof-453671 ' value='1754581'   \/><label for='answer-id-1754581' id='answer-label-1754581' class=' answer'><span>None - the fund is balanced<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453671[]' id='answer-id-1754582' class='answer   answerof-453671 ' value='1754582'   \/><label for='answer-id-1754582' id='answer-label-1754582' class=' answer'><span>Increase the allocation to bonds because interest rates are rising<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453671[]' id='answer-id-1754583' class='answer   answerof-453671 ' value='1754583'   \/><label for='answer-id-1754583' id='answer-label-1754583' class=' answer'><span>Increase the allocation to equities to take advantage of the volatility<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453671[]' id='answer-id-1754584' class='answer   answerof-453671 ' value='1754584'   \/><label for='answer-id-1754584' id='answer-label-1754584' class=' answer'><span>Temporarily move a significant amount into money market securities<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-453672'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>What equity investment philosophy places greater emphasis on industry weighting than on security selection?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='453672' \/><input type='hidden' id='answerType453672' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453672[]' id='answer-id-1754585' class='answer   answerof-453672 ' value='1754585'   \/><label for='answer-id-1754585' id='answer-label-1754585' class=' answer'><span>Growth at a reasonable price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453672[]' id='answer-id-1754586' class='answer   answerof-453672 ' value='1754586'   \/><label for='answer-id-1754586' id='answer-label-1754586' class=' answer'><span>Growth investing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453672[]' id='answer-id-1754587' class='answer   answerof-453672 ' value='1754587'   \/><label for='answer-id-1754587' id='answer-label-1754587' class=' answer'><span>Momentum investing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453672[]' id='answer-id-1754588' class='answer   answerof-453672 ' value='1754588'   \/><label for='answer-id-1754588' id='answer-label-1754588' class=' answer'><span>Sector rotation<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-453673'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Which of the following characteristics about mortgage mutual funds is CORRECT?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='453673' \/><input type='hidden' id='answerType453673' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453673[]' id='answer-id-1754589' class='answer   answerof-453673 ' value='1754589'   \/><label for='answer-id-1754589' id='answer-label-1754589' class=' answer'><span>typically monthly distributions of interest<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453673[]' id='answer-id-1754590' class='answer   answerof-453673 ' value='1754590'   \/><label for='answer-id-1754590' id='answer-label-1754590' class=' answer'><span>if interest rates fall, the mutual fund's net asset value per unit (NAVPU) will decline<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453673[]' id='answer-id-1754591' class='answer   answerof-453673 ' value='1754591'   \/><label for='answer-id-1754591' id='answer-label-1754591' class=' answer'><span>suitable only for high risk investors<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453673[]' id='answer-id-1754592' class='answer   answerof-453673 ' value='1754592'   \/><label for='answer-id-1754592' id='answer-label-1754592' class=' answer'><span>risk-free where the mortgages are National Housing Act (NHA) insured<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-453674'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>Which exchange in Canada deals exclusively with financial and equity futures and options?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='453674' \/><input type='hidden' id='answerType453674' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453674[]' id='answer-id-1754593' class='answer   answerof-453674 ' value='1754593'   \/><label for='answer-id-1754593' id='answer-label-1754593' class=' answer'><span>The Montreal Exchange<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453674[]' id='answer-id-1754594' class='answer   answerof-453674 ' value='1754594'   \/><label for='answer-id-1754594' id='answer-label-1754594' class=' answer'><span>The Toronto Stock Exchange<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453674[]' id='answer-id-1754595' class='answer   answerof-453674 ' value='1754595'   \/><label for='answer-id-1754595' id='answer-label-1754595' class=' answer'><span>Canadian Securities Exchange<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453674[]' id='answer-id-1754596' class='answer   answerof-453674 ' value='1754596'   \/><label for='answer-id-1754596' id='answer-label-1754596' class=' answer'><span>The TSX Venture Exchange<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-453675'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>Which example demonstrates direct use of capital savings?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='453675' \/><input type='hidden' id='answerType453675' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453675[]' id='answer-id-1754597' class='answer   answerof-453675 ' value='1754597'   \/><label for='answer-id-1754597' id='answer-label-1754597' class=' answer'><span>Depositing funds in a Canadian bank account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453675[]' id='answer-id-1754598' class='answer   answerof-453675 ' value='1754598'   \/><label for='answer-id-1754598' id='answer-label-1754598' class=' answer'><span>Building a new factory<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453675[]' id='answer-id-1754599' class='answer   answerof-453675 ' value='1754599'   \/><label for='answer-id-1754599' id='answer-label-1754599' class=' answer'><span>Purchasing a company\u2019s stocks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453675[]' id='answer-id-1754600' class='answer   answerof-453675 ' value='1754600'   \/><label for='answer-id-1754600' id='answer-label-1754600' class=' answer'><span>Purchasing an investment fund<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-453676'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>In what circumstance would an investor receive a T3 or T5 reporting a capital gain from a mutual fund investment?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='453676' \/><input type='hidden' id='answerType453676' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453676[]' id='answer-id-1754601' class='answer   answerof-453676 ' value='1754601'   \/><label for='answer-id-1754601' id='answer-label-1754601' class=' answer'><span>When the investor sells her fund units at a price higher than their average cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453676[]' id='answer-id-1754602' class='answer   answerof-453676 ' value='1754602'   \/><label for='answer-id-1754602' id='answer-label-1754602' class=' answer'><span>When the fund sells investments at a price higher than the average cost of the investment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453676[]' id='answer-id-1754603' class='answer   answerof-453676 ' value='1754603'   \/><label for='answer-id-1754603' id='answer-label-1754603' class=' answer'><span>When the value of the investor\u2019s fund units has risen<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453676[]' id='answer-id-1754604' class='answer   answerof-453676 ' value='1754604'   \/><label for='answer-id-1754604' id='answer-label-1754604' class=' answer'><span>When the value of the fund\u2019s investments has risen<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-453677'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>What type of risk is the fundamental risk factor for fixed-income securities?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='453677' \/><input type='hidden' id='answerType453677' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453677[]' id='answer-id-1754605' class='answer   answerof-453677 ' value='1754605'   \/><label for='answer-id-1754605' id='answer-label-1754605' class=' answer'><span>Liquidity risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453677[]' id='answer-id-1754606' class='answer   answerof-453677 ' value='1754606'   \/><label for='answer-id-1754606' id='answer-label-1754606' class=' answer'><span>Reinvestment risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453677[]' id='answer-id-1754607' class='answer   answerof-453677 ' value='1754607'   \/><label for='answer-id-1754607' id='answer-label-1754607' class=' answer'><span>Market risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453677[]' id='answer-id-1754608' class='answer   answerof-453677 ' value='1754608'   \/><label for='answer-id-1754608' id='answer-label-1754608' class=' answer'><span>Interest rate risk<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-453678'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>What type of managed fund, recently introduced to Canada, is allowed greater use of short sales, leverage, and derivatives compared to mutual funds, but not to the same extent as hedge funds?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='453678' \/><input type='hidden' id='answerType453678' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453678[]' id='answer-id-1754609' class='answer   answerof-453678 ' value='1754609'   \/><label for='answer-id-1754609' id='answer-label-1754609' class=' answer'><span>Liquid alts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453678[]' id='answer-id-1754610' class='answer   answerof-453678 ' value='1754610'   \/><label for='answer-id-1754610' id='answer-label-1754610' class=' answer'><span>Private equity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453678[]' id='answer-id-1754611' class='answer   answerof-453678 ' value='1754611'   \/><label for='answer-id-1754611' id='answer-label-1754611' class=' answer'><span>Closed-end discretionary fund<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453678[]' id='answer-id-1754612' class='answer   answerof-453678 ' value='1754612'   \/><label for='answer-id-1754612' id='answer-label-1754612' class=' answer'><span>Principal-protected notes<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-453679'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>A mutual fund sales representative is asked to make a presentation to an investment club. During the presentation, he discusses personal experiences of a questionable nature. <br \/>\r<br>What aspect of Professionalism is relevant to this situation?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='453679' \/><input type='hidden' id='answerType453679' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453679[]' id='answer-id-1754613' class='answer   answerof-453679 ' value='1754613'   \/><label for='answer-id-1754613' id='answer-label-1754613' class=' answer'><span>Conduct of personal business<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453679[]' id='answer-id-1754614' class='answer   answerof-453679 ' value='1754614'   \/><label for='answer-id-1754614' id='answer-label-1754614' class=' answer'><span>Personal financial dealings with clients<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453679[]' id='answer-id-1754615' class='answer   answerof-453679 ' value='1754615'   \/><label for='answer-id-1754615' id='answer-label-1754615' class=' answer'><span>Other personal endeavors<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453679[]' id='answer-id-1754616' class='answer   answerof-453679 ' value='1754616'   \/><label for='answer-id-1754616' id='answer-label-1754616' class=' answer'><span>Solicitation of client business<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-453680'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>An employer wants to offer his employees a pension plan. The goal is to provide a simple-to-understand plan that will reward all participants equally, regardless of their income level, and provide a retirement income based on a participant\u2019s years of service with the company. <br \/>\r<br>What plan will best meet his requirements?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='453680' \/><input type='hidden' id='answerType453680' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453680[]' id='answer-id-1754617' class='answer   answerof-453680 ' value='1754617'   \/><label for='answer-id-1754617' id='answer-label-1754617' class=' answer'><span>Defined contribution plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453680[]' id='answer-id-1754618' class='answer   answerof-453680 ' value='1754618'   \/><label for='answer-id-1754618' id='answer-label-1754618' class=' answer'><span>Career average plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453680[]' id='answer-id-1754619' class='answer   answerof-453680 ' value='1754619'   \/><label for='answer-id-1754619' id='answer-label-1754619' class=' answer'><span>Flat benefit plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453680[]' id='answer-id-1754620' class='answer   answerof-453680 ' value='1754620'   \/><label for='answer-id-1754620' id='answer-label-1754620' class=' answer'><span>Final average plan<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-453681'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>A fund manager has diversified the equity portfolio he manages in order to reduce the potential negative impact of unfavorable information relating to any one stock. <br \/>\r<br>What type of risk has he reduced?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='453681' \/><input type='hidden' id='answerType453681' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453681[]' id='answer-id-1754621' class='answer   answerof-453681 ' value='1754621'   \/><label for='answer-id-1754621' id='answer-label-1754621' class=' answer'><span>Default risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453681[]' id='answer-id-1754622' class='answer   answerof-453681 ' value='1754622'   \/><label for='answer-id-1754622' id='answer-label-1754622' class=' answer'><span>Interest rate risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453681[]' id='answer-id-1754623' class='answer   answerof-453681 ' value='1754623'   \/><label for='answer-id-1754623' id='answer-label-1754623' class=' answer'><span>Market risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453681[]' id='answer-id-1754624' class='answer   answerof-453681 ' value='1754624'   \/><label for='answer-id-1754624' id='answer-label-1754624' class=' answer'><span>Unique risk<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-453682'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which drawback of the comparison universe method makes average fund managers look more like underperformers as the comparison period lengthens?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='453682' \/><input type='hidden' id='answerType453682' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453682[]' id='answer-id-1754625' class='answer   answerof-453682 ' value='1754625'   \/><label for='answer-id-1754625' id='answer-label-1754625' class=' answer'><span>Survivorship bias<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453682[]' id='answer-id-1754626' class='answer   answerof-453682 ' value='1754626'   \/><label for='answer-id-1754626' id='answer-label-1754626' class=' answer'><span>Definition of universes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453682[]' id='answer-id-1754627' class='answer   answerof-453682 ' value='1754627'   \/><label for='answer-id-1754627' id='answer-label-1754627' class=' answer'><span>Matching of risk profiles<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453682[]' id='answer-id-1754628' class='answer   answerof-453682 ' value='1754628'   \/><label for='answer-id-1754628' id='answer-label-1754628' class=' answer'><span>Universe size<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-453683'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>A portfolio manager first analyzes a variety of asset mixes to determine an optimal portfolio and then adjusts the mix by monitoring and rebalancing. <br \/>\r<br>What is the name for the process the portfolio manager is following?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='453683' \/><input type='hidden' id='answerType453683' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453683[]' id='answer-id-1754629' class='answer   answerof-453683 ' value='1754629'   \/><label for='answer-id-1754629' id='answer-label-1754629' class=' answer'><span>Strategic asset allocation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453683[]' id='answer-id-1754630' class='answer   answerof-453683 ' value='1754630'   \/><label for='answer-id-1754630' id='answer-label-1754630' class=' answer'><span>Passive management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453683[]' id='answer-id-1754631' class='answer   answerof-453683 ' value='1754631'   \/><label for='answer-id-1754631' id='answer-label-1754631' class=' answer'><span>Market timing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453683[]' id='answer-id-1754632' class='answer   answerof-453683 ' value='1754632'   \/><label for='answer-id-1754632' id='answer-label-1754632' class=' answer'><span>Sector weighting<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-453684'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Rebecca, an investor in a 40% marginal tax bracket, receives $1,200 in Canadian dividends eligible for the dividend tax credit. <br \/>\r<br>What is the dividend tax credit that applies to this income?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='453684' \/><input type='hidden' id='answerType453684' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453684[]' id='answer-id-1754633' class='answer   answerof-453684 ' value='1754633'   \/><label for='answer-id-1754633' id='answer-label-1754633' class=' answer'><span>$248.73<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453684[]' id='answer-id-1754634' class='answer   answerof-453684 ' value='1754634'   \/><label for='answer-id-1754634' id='answer-label-1754634' class=' answer'><span>$662.40<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453684[]' id='answer-id-1754635' class='answer   answerof-453684 ' value='1754635'   \/><label for='answer-id-1754635' id='answer-label-1754635' class=' answer'><span>$1,200<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453684[]' id='answer-id-1754636' class='answer   answerof-453684 ' value='1754636'   \/><label for='answer-id-1754636' id='answer-label-1754636' class=' answer'><span>$480<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-453685'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>What criteria does the independent review committee use to determine if a potential conflict of interest, such as interfund trading, should be approved?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='453685' \/><input type='hidden' id='answerType453685' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453685[]' id='answer-id-1754637' class='answer   answerof-453685 ' value='1754637'   \/><label for='answer-id-1754637' id='answer-label-1754637' class=' answer'><span>Will the action achieve a fair and reasonable result for the fund?<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453685[]' id='answer-id-1754638' class='answer   answerof-453685 ' value='1754638'   \/><label for='answer-id-1754638' id='answer-label-1754638' class=' answer'><span>Will the action contravene National Instrument 81-102?<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453685[]' id='answer-id-1754639' class='answer   answerof-453685 ' value='1754639'   \/><label for='answer-id-1754639' id='answer-label-1754639' class=' answer'><span>Will the action contravene a unitholder\u2019s statutory rights?<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453685[]' id='answer-id-1754640' class='answer   answerof-453685 ' value='1754640'   \/><label for='answer-id-1754640' id='answer-label-1754640' class=' answer'><span>Will the action require unitholder approval?<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-453686'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Which financial leverage ratio measures a company\u2019s ability to repay its borrowings?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='453686' \/><input type='hidden' id='answerType453686' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453686[]' id='answer-id-1754641' class='answer   answerof-453686 ' value='1754641'   \/><label for='answer-id-1754641' id='answer-label-1754641' class=' answer'><span>Operating profit margin ratio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453686[]' id='answer-id-1754642' class='answer   answerof-453686 ' value='1754642'   \/><label for='answer-id-1754642' id='answer-label-1754642' class=' answer'><span>Interest coverage ratio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453686[]' id='answer-id-1754643' class='answer   answerof-453686 ' value='1754643'   \/><label for='answer-id-1754643' id='answer-label-1754643' class=' answer'><span>Total debt ratio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453686[]' id='answer-id-1754644' class='answer   answerof-453686 ' value='1754644'   \/><label for='answer-id-1754644' id='answer-label-1754644' class=' answer'><span>Cash flow from operations to total debt ratio<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-453687'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>If the Consumer Price Index (CPI) was 140.6 last year and 146.9 this year, what was the inflation rate over the year?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='453687' \/><input type='hidden' id='answerType453687' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453687[]' id='answer-id-1754645' class='answer   answerof-453687 ' value='1754645'   \/><label for='answer-id-1754645' id='answer-label-1754645' class=' answer'><span>4.12%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453687[]' id='answer-id-1754646' class='answer   answerof-453687 ' value='1754646'   \/><label for='answer-id-1754646' id='answer-label-1754646' class=' answer'><span>5.20%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453687[]' id='answer-id-1754647' class='answer   answerof-453687 ' value='1754647'   \/><label for='answer-id-1754647' id='answer-label-1754647' class=' answer'><span>4.48%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453687[]' id='answer-id-1754648' class='answer   answerof-453687 ' value='1754648'   \/><label for='answer-id-1754648' id='answer-label-1754648' class=' answer'><span>6.04%<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-453688'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>What value are withdrawals under a ratio withdrawal plan based upon?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='453688' \/><input type='hidden' id='answerType453688' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453688[]' id='answer-id-1754649' class='answer   answerof-453688 ' value='1754649'   \/><label for='answer-id-1754649' id='answer-label-1754649' class=' answer'><span>Value at inception of plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453688[]' id='answer-id-1754650' class='answer   answerof-453688 ' value='1754650'   \/><label for='answer-id-1754650' id='answer-label-1754650' class=' answer'><span>Average of start and year-end portfolio value<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453688[]' id='answer-id-1754651' class='answer   answerof-453688 ' value='1754651'   \/><label for='answer-id-1754651' id='answer-label-1754651' class=' answer'><span>End of year portfolio value<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453688[]' id='answer-id-1754652' class='answer   answerof-453688 ' value='1754652'   \/><label for='answer-id-1754652' id='answer-label-1754652' class=' answer'><span>Current portfolio value<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-453689'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>What is the step in the financial planning process that includes a discussion of a client\u2019s household budget?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='453689' \/><input type='hidden' id='answerType453689' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453689[]' id='answer-id-1754653' class='answer   answerof-453689 ' value='1754653'   \/><label for='answer-id-1754653' id='answer-label-1754653' class=' answer'><span>Interview the client<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453689[]' id='answer-id-1754654' class='answer   answerof-453689 ' value='1754654'   \/><label for='answer-id-1754654' id='answer-label-1754654' class=' answer'><span>Gather data and identify goals and objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453689[]' id='answer-id-1754655' class='answer   answerof-453689 ' value='1754655'   \/><label for='answer-id-1754655' id='answer-label-1754655' class=' answer'><span>Develop a written financial plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453689[]' id='answer-id-1754656' class='answer   answerof-453689 ' value='1754656'   \/><label for='answer-id-1754656' id='answer-label-1754656' class=' answer'><span>Identify financial situation and constraints<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-453690'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>1.Marc asks his new client for copies of his mortgage documents. <br \/>\r<br>Which Know Your Client component is Marc researching?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='453690' \/><input type='hidden' id='answerType453690' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453690[]' id='answer-id-1754657' class='answer   answerof-453690 ' value='1754657'   \/><label for='answer-id-1754657' id='answer-label-1754657' class=' answer'><span>Investment knowledge<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453690[]' id='answer-id-1754658' class='answer   answerof-453690 ' value='1754658'   \/><label for='answer-id-1754658' id='answer-label-1754658' class=' answer'><span>Personal circumstances<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453690[]' id='answer-id-1754659' class='answer   answerof-453690 ' value='1754659'   \/><label for='answer-id-1754659' id='answer-label-1754659' class=' answer'><span>Financial circumstances<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453690[]' id='answer-id-1754660' class='answer   answerof-453690 ' value='1754660'   \/><label for='answer-id-1754660' id='answer-label-1754660' class=' answer'><span>Financial goals and objectives<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-453691'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>The ZZZ Money Market Fund has a 7-day yield of 0.05%. <br \/>\r<br>What is the current yield for the fund? Round your answer to two decimal places.<\/div><input type='hidden' name='question_id[]' id='qID_25' value='453691' \/><input type='hidden' id='answerType453691' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453691[]' id='answer-id-1754661' class='answer   answerof-453691 ' value='1754661'   \/><label for='answer-id-1754661' id='answer-label-1754661' class=' answer'><span>1.61%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453691[]' id='answer-id-1754662' class='answer   answerof-453691 ' value='1754662'   \/><label for='answer-id-1754662' id='answer-label-1754662' class=' answer'><span>2.22%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453691[]' id='answer-id-1754663' class='answer   answerof-453691 ' value='1754663'   \/><label for='answer-id-1754663' id='answer-label-1754663' class=' answer'><span>0.05%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453691[]' id='answer-id-1754664' class='answer   answerof-453691 ' value='1754664'   \/><label for='answer-id-1754664' id='answer-label-1754664' class=' answer'><span>2.61%<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-453692'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>David had $10,000 in his investment account with Dynamic Investments, a mutual funds dealer. On June 28, David wants to buy 500 units in ABC Canadian Dividend Fund that has a Net Asset Value Per Unit (NAVPU) of $14.10. His friend Robert suggests that he may get a better price if he used the strategy of dollar-cost averaging. David then instructs his Dealing Representative to place a purchase order for 100 units on the first of every month starting July 1st for the next 5 months. <br \/>\r<br>The orders are executed at the following NAVPUs. <br \/>\r<br>July 01, $14.00 <br \/>\r<br>Aug. 01, $14.50 <br \/>\r<br>Sep. 01, $15.00 <br \/>\r<br>Oct. 01, $14.25 <br \/>\r<br>Nov. 01, $16.50 <br \/>\r<br>Did David get a better purchase price following the dollar-cost averaging strategy compared to making a lump-sum purchase of 500 shares on Jun 28, 20xx?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='453692' \/><input type='hidden' id='answerType453692' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453692[]' id='answer-id-1754665' class='answer   answerof-453692 ' value='1754665'   \/><label for='answer-id-1754665' id='answer-label-1754665' class=' answer'><span>David got his 500 units at the same price as the lump sum price he would have paid.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453692[]' id='answer-id-1754666' class='answer   answerof-453692 ' value='1754666'   \/><label for='answer-id-1754666' id='answer-label-1754666' class=' answer'><span>David got his 500 units at a lower price than the lump sum price he would have paid.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453692[]' id='answer-id-1754667' class='answer   answerof-453692 ' value='1754667'   \/><label for='answer-id-1754667' id='answer-label-1754667' class=' answer'><span>David realizes that Dollar cost averaging is the best strategy for getting lower prices.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453692[]' id='answer-id-1754668' class='answer   answerof-453692 ' value='1754668'   \/><label for='answer-id-1754668' id='answer-label-1754668' class=' answer'><span>David got his 500 units at a higher price than the lump sum price he would have paid<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-453693'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Quinton, a Dealing Representative, meets with his client Banji. Banji\u2019s Know Your Client (KYC) indicates that her risk profile is \u201cmedium\u2019\u2019. Banji currently has $35,000 in her account which is invested 50% in the Middleton Balanced Fund and 50% in the Hector Growth Fund. She tells Quinton that she would like to contribute an additional $10,000 to purchase the Prospect Labour-Sponsored Fund. <br \/>\r<br>Which of the following statements about Banji\u2019s proposed transaction is CORRECT?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='453693' \/><input type='hidden' id='answerType453693' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453693[]' id='answer-id-1754669' class='answer   answerof-453693 ' value='1754669'   \/><label for='answer-id-1754669' id='answer-label-1754669' class=' answer'><span>Quinton can proceed with the purchase of the Prospect Labour-Sponsored Fund because it is suitable for Banji based on her current KY<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453693[]' id='answer-id-1754670' class='answer   answerof-453693 ' value='1754670'   \/><label for='answer-id-1754670' id='answer-label-1754670' class=' answer'><span>Quinton should update Banji's risk profile to &quot;high&quot; so that he can proceed with the purchase of the Prospect Labour-Sponsored Fund.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453693[]' id='answer-id-1754671' class='answer   answerof-453693 ' value='1754671'   \/><label for='answer-id-1754671' id='answer-label-1754671' class=' answer'><span>Quinton should not proceed with the purchase of the Prospect Labour-Sponsored Fund because it is not suitable for Banji based on her current KY<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453693[]' id='answer-id-1754672' class='answer   answerof-453693 ' value='1754672'   \/><label for='answer-id-1754672' id='answer-label-1754672' class=' answer'><span>Quinton must provide Banji with full disclosure about the risks so that he can proceed with the purchase of the Prospect Labour-Sponsored Fund.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-453694'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Which statement is most accurate about fund wraps?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='453694' \/><input type='hidden' id='answerType453694' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453694[]' id='answer-id-1754673' class='answer   answerof-453694 ' value='1754673'   \/><label for='answer-id-1754673' id='answer-label-1754673' class=' answer'><span>There is essentially no regulatory difference between a fund wrap and a standard mutual fund<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453694[]' id='answer-id-1754674' class='answer   answerof-453694 ' value='1754674'   \/><label for='answer-id-1754674' id='answer-label-1754674' class=' answer'><span>Each model is designed to meet the needs of the individual<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453694[]' id='answer-id-1754675' class='answer   answerof-453694 ' value='1754675'   \/><label for='answer-id-1754675' id='answer-label-1754675' class=' answer'><span>The investor pays fees to both the wrap manager and the manager of the underlying funds<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453694[]' id='answer-id-1754676' class='answer   answerof-453694 ' value='1754676'   \/><label for='answer-id-1754676' id='answer-label-1754676' class=' answer'><span>The fund wrap sponsor is responsible for asset allocation decisions<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-453695'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Jeff is a new client. He is 50 years old with modest savings in the low six figures, and wants to reinvest his portfolio to ensure that he can retire comfortably at age 65. In his meeting with Jeff, the advisor uncovered some of Jeff\u2019s biases. Jeff displayed several strong emotional biases along with a few weak cognitive biases. <br \/>\r<br>What should the advisor do?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='453695' \/><input type='hidden' id='answerType453695' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453695[]' id='answer-id-1754677' class='answer   answerof-453695 ' value='1754677'   \/><label for='answer-id-1754677' id='answer-label-1754677' class=' answer'><span>The advisor should moderate and adapt to Jeff\u2019s cognitive biases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453695[]' id='answer-id-1754678' class='answer   answerof-453695 ' value='1754678'   \/><label for='answer-id-1754678' id='answer-label-1754678' class=' answer'><span>The advisor should moderate and adapt to Jeff\u2019s emotional biases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453695[]' id='answer-id-1754679' class='answer   answerof-453695 ' value='1754679'   \/><label for='answer-id-1754679' id='answer-label-1754679' class=' answer'><span>The advisor should moderate Jeff\u2019s emotional biases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453695[]' id='answer-id-1754680' class='answer   answerof-453695 ' value='1754680'   \/><label for='answer-id-1754680' id='answer-label-1754680' class=' answer'><span>The advisor should adapt to Jeff\u2019s cognitive biases<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-453696'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>The performance of ABC Mutual Fund ranks 54 out of 100 funds in its peer group. <br \/>\r<br>What is its quartile ranking?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='453696' \/><input type='hidden' id='answerType453696' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453696[]' id='answer-id-1754681' class='answer   answerof-453696 ' value='1754681'   \/><label for='answer-id-1754681' id='answer-label-1754681' class=' answer'><span>4th quartile<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453696[]' id='answer-id-1754682' class='answer   answerof-453696 ' value='1754682'   \/><label for='answer-id-1754682' id='answer-label-1754682' class=' answer'><span>1st quartile<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453696[]' id='answer-id-1754683' class='answer   answerof-453696 ' value='1754683'   \/><label for='answer-id-1754683' id='answer-label-1754683' class=' answer'><span>2nd quartile<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453696[]' id='answer-id-1754684' class='answer   answerof-453696 ' value='1754684'   \/><label for='answer-id-1754684' id='answer-label-1754684' class=' answer'><span>3rd quartile<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-453697'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>A dealing representative explains the past performance of a mutual fund to a potential client, discussing the annual simple returns and compound returns that the fund had earned. She concluded by indicating she expects the fund\u2019s NAVPU was likely to rise at similar rates in the future, given the economic outlook. <br \/>\r<br>What unacceptable selling practice has occurred?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='453697' \/><input type='hidden' id='answerType453697' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453697[]' id='answer-id-1754685' class='answer   answerof-453697 ' value='1754685'   \/><label for='answer-id-1754685' id='answer-label-1754685' class=' answer'><span>Representatives cannot comment upon the economic outlook<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453697[]' id='answer-id-1754686' class='answer   answerof-453697 ' value='1754686'   \/><label for='answer-id-1754686' id='answer-label-1754686' class=' answer'><span>Representatives cannot discuss a fund\u2019s past performance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453697[]' id='answer-id-1754687' class='answer   answerof-453697 ' value='1754687'   \/><label for='answer-id-1754687' id='answer-label-1754687' class=' answer'><span>Representatives cannot quote a future purchase price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453697[]' id='answer-id-1754688' class='answer   answerof-453697 ' value='1754688'   \/><label for='answer-id-1754688' id='answer-label-1754688' class=' answer'><span>Representatives cannot promise NAVPU will increase by any amount<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-453698'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>What information does Fund Facts provide to potential investors?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='453698' \/><input type='hidden' id='answerType453698' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453698[]' id='answer-id-1754689' class='answer   answerof-453698 ' value='1754689'   \/><label for='answer-id-1754689' id='answer-label-1754689' class=' answer'><span>What the mutual fund is currently investing in.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453698[]' id='answer-id-1754690' class='answer   answerof-453698 ' value='1754690'   \/><label for='answer-id-1754690' id='answer-label-1754690' class=' answer'><span>How to calculate the taxes owed from investment income.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453698[]' id='answer-id-1754691' class='answer   answerof-453698 ' value='1754691'   \/><label for='answer-id-1754691' id='answer-label-1754691' class=' answer'><span>The portfolio management strategy that is used.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453698[]' id='answer-id-1754692' class='answer   answerof-453698 ' value='1754692'   \/><label for='answer-id-1754692' id='answer-label-1754692' class=' answer'><span>The remuneration paid to the Independent Review Committee.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-453699'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>What is a key difference between marketable government bonds and treasury bills?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='453699' \/><input type='hidden' id='answerType453699' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453699[]' id='answer-id-1754693' class='answer   answerof-453699 ' value='1754693'   \/><label for='answer-id-1754693' id='answer-label-1754693' class=' answer'><span>Treasury bills do not pay any coupon interest, while marketable bonds do<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453699[]' id='answer-id-1754694' class='answer   answerof-453699 ' value='1754694'   \/><label for='answer-id-1754694' id='answer-label-1754694' class=' answer'><span>Marketable government bonds may be sold at a discount while Treasury bills are sold at a premium<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453699[]' id='answer-id-1754695' class='answer   answerof-453699 ' value='1754695'   \/><label for='answer-id-1754695' id='answer-label-1754695' class=' answer'><span>Treasury bills trade in the over-the-counter market, while marketable bonds trade on the exchange<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453699[]' id='answer-id-1754696' class='answer   answerof-453699 ' value='1754696'   \/><label for='answer-id-1754696' id='answer-label-1754696' class=' answer'><span>Marketable government bonds actively trade in the secondary market while Treasury bills can only be bought from and sold to the government<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-453700'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>What personal information must be obtained from clients opening a non-registered account? <br \/>\r<br>1) Date of birth <br \/>\r<br>2) Social insurance number <br \/>\r<br>3) Permanent address <br \/>\r<br>4) Full legal name<\/div><input type='hidden' name='question_id[]' id='qID_34' value='453700' \/><input type='hidden' id='answerType453700' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453700[]' id='answer-id-1754697' class='answer   answerof-453700 ' value='1754697'   \/><label for='answer-id-1754697' id='answer-label-1754697' class=' answer'><span>1 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453700[]' id='answer-id-1754698' class='answer   answerof-453700 ' value='1754698'   \/><label for='answer-id-1754698' id='answer-label-1754698' class=' answer'><span>1 and 2<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453700[]' id='answer-id-1754699' class='answer   answerof-453700 ' value='1754699'   \/><label for='answer-id-1754699' id='answer-label-1754699' class=' answer'><span>3 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453700[]' id='answer-id-1754700' class='answer   answerof-453700 ' value='1754700'   \/><label for='answer-id-1754700' id='answer-label-1754700' class=' answer'><span>2 and 3<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-453701'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>Wilma has always used the services of a tax preparation firm to file her taxes but is skeptical that she has really benefitted. This year she plans to file her own taxes for the first time. <br \/>\r<br>What would be useful for her to know?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='453701' \/><input type='hidden' id='answerType453701' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453701[]' id='answer-id-1754701' class='answer   answerof-453701 ' value='1754701'   \/><label for='answer-id-1754701' id='answer-label-1754701' class=' answer'><span>Wilma's marginal tax rate may be lowered when tax deductions are applied to her total income.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453701[]' id='answer-id-1754702' class='answer   answerof-453701 ' value='1754702'   \/><label for='answer-id-1754702' id='answer-label-1754702' class=' answer'><span>Wilma's top marginal tax rate will be applied to every taxable dollar when her tax return is filed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453701[]' id='answer-id-1754703' class='answer   answerof-453701 ' value='1754703'   \/><label for='answer-id-1754703' id='answer-label-1754703' class=' answer'><span>Wilma's tax deductions permit her to reduce her tax payable dollar-for-dollar.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453701[]' id='answer-id-1754704' class='answer   answerof-453701 ' value='1754704'   \/><label for='answer-id-1754704' id='answer-label-1754704' class=' answer'><span>Wilma's non-refundable tax credits may only reduce her taxable income dollar-for-dollar.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-453702'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>What items are typically classified as current assets on the statement of financial position?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='453702' \/><input type='hidden' id='answerType453702' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453702[]' id='answer-id-1754705' class='answer   answerof-453702 ' value='1754705'   \/><label for='answer-id-1754705' id='answer-label-1754705' class=' answer'><span>Cash, accounts receivable, and retained earnings<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453702[]' id='answer-id-1754706' class='answer   answerof-453702 ' value='1754706'   \/><label for='answer-id-1754706' id='answer-label-1754706' class=' answer'><span>Cash, accrued charges, and accounts receivable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453702[]' id='answer-id-1754707' class='answer   answerof-453702 ' value='1754707'   \/><label for='answer-id-1754707' id='answer-label-1754707' class=' answer'><span>Cash, accounts receivable, and inventories<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453702[]' id='answer-id-1754708' class='answer   answerof-453702 ' value='1754708'   \/><label for='answer-id-1754708' id='answer-label-1754708' class=' answer'><span>Cash, inventories, and depreciation<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-453703'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Xian-Li believes she is a sophisticated investor. She has constructed her own portfolio and has had some success. She does not believe in studying a company\u2019s details such as earnings, expenses, or assets. She is more concerned with patterns in a company\u2019s stock price over time. She believes patterns form and can be used to predict future movements in the market. <br \/>\r<br>How does Xian-Li evaluate the companies in her portfolio?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='453703' \/><input type='hidden' id='answerType453703' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453703[]' id='answer-id-1754709' class='answer   answerof-453703 ' value='1754709'   \/><label for='answer-id-1754709' id='answer-label-1754709' class=' answer'><span>fundamental analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453703[]' id='answer-id-1754710' class='answer   answerof-453703 ' value='1754710'   \/><label for='answer-id-1754710' id='answer-label-1754710' class=' answer'><span>flowchart analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453703[]' id='answer-id-1754711' class='answer   answerof-453703 ' value='1754711'   \/><label for='answer-id-1754711' id='answer-label-1754711' class=' answer'><span>technical analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453703[]' id='answer-id-1754712' class='answer   answerof-453703 ' value='1754712'   \/><label for='answer-id-1754712' id='answer-label-1754712' class=' answer'><span>value analysis<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-453704'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>Which statement about market risk is true?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='453704' \/><input type='hidden' id='answerType453704' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453704[]' id='answer-id-1754713' class='answer   answerof-453704 ' value='1754713'   \/><label for='answer-id-1754713' id='answer-label-1754713' class=' answer'><span>Market risk is measured by the standard deviation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453704[]' id='answer-id-1754714' class='answer   answerof-453704 ' value='1754714'   \/><label for='answer-id-1754714' id='answer-label-1754714' class=' answer'><span>Market risk is cancelled out by diversification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453704[]' id='answer-id-1754715' class='answer   answerof-453704 ' value='1754715'   \/><label for='answer-id-1754715' id='answer-label-1754715' class=' answer'><span>Market risk is greater than the sum of the risks of all stocks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453704[]' id='answer-id-1754716' class='answer   answerof-453704 ' value='1754716'   \/><label for='answer-id-1754716' id='answer-label-1754716' class=' answer'><span>Market risk can result from changes in inflation and interest rates<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-453705'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>Why do speculators tend to avoid diversification?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='453705' \/><input type='hidden' id='answerType453705' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453705[]' id='answer-id-1754717' class='answer   answerof-453705 ' value='1754717'   \/><label for='answer-id-1754717' id='answer-label-1754717' class=' answer'><span>Diversifying a portfolio may result in overall risk that is lower than that of its component securities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453705[]' id='answer-id-1754718' class='answer   answerof-453705 ' value='1754718'   \/><label for='answer-id-1754718' id='answer-label-1754718' class=' answer'><span>Diversifying a portfolio tends to increase the probability of very large gains and losses<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453705[]' id='answer-id-1754719' class='answer   answerof-453705 ' value='1754719'   \/><label for='answer-id-1754719' id='answer-label-1754719' class=' answer'><span>Diversifying a portfolio tends to reduce the probability of very large gains and losses<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453705[]' id='answer-id-1754720' class='answer   answerof-453705 ' value='1754720'   \/><label for='answer-id-1754720' id='answer-label-1754720' class=' answer'><span>Not diversifying a portfolio exposes the investor to the total risk of the securities<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-453706'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Sofie is a busy mutual fund sales representative. She would like to move clients that are invested in low-yielding cash accounts to her firm\u2019s higher-yielding proprietary money market mutual fund. She confirms the orders with the clients, then instructs her new sales assistant, who will write the IFC exam next week, to enter orders to buy units in this fund. <br \/>\r<br>How has Sofie violated the standards of conduct?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='453706' \/><input type='hidden' id='answerType453706' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453706[]' id='answer-id-1754721' class='answer   answerof-453706 ' value='1754721'   \/><label for='answer-id-1754721' id='answer-label-1754721' class=' answer'><span>She allowed an unregistered individual to process the order to buy units<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453706[]' id='answer-id-1754722' class='answer   answerof-453706 ' value='1754722'   \/><label for='answer-id-1754722' id='answer-label-1754722' class=' answer'><span>She failed to establish a scheduled review for her clients\u2019 accounts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453706[]' id='answer-id-1754723' class='answer   answerof-453706 ' value='1754723'   \/><label for='answer-id-1754723' id='answer-label-1754723' class=' answer'><span>She has done insufficient research and violated her due diligence requirement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453706[]' id='answer-id-1754724' class='answer   answerof-453706 ' value='1754724'   \/><label for='answer-id-1754724' id='answer-label-1754724' class=' answer'><span>She violated no standards of conduct<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons11554\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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   \t \n<\/script>\n<p>&nbsp;<\/p>\n<h2>Continue to read our <a href=\"https:\/\/www.dumpsbase.com\/freedumps\/read-ifc-free-dumps-part-2-q41-q80-of-v8-02-to-check-the-quality-get-efficient-and-adaptable-ifc-exam-dumps-for-success.html\"><em>IFC free dumps (Part 2, Q41-Q80) of V8.02<\/em><\/a> here.<\/h2>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Investment Funds in Canada (IFC) course equips advisors with foundational knowledge to provide effective mutual fund investment advice tailored to clients&#8217; objectives, timelines, and risk tolerance, while also covering the legal, ethical, and professional responsibilities of mutual fund representatives. Achieving success in the IFC exam requires focused preparation and reliable study material. 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