HELPFUL PRODUCT FEATURES OF IFSE INSTITUTE CIFC DESKTOP PRACTICE EXAM SOFTWARE

Helpful Product Features of IFSE Institute CIFC Desktop Practice Exam Software

Helpful Product Features of IFSE Institute CIFC Desktop Practice Exam Software

Blog Article

Tags: CIFC Exam Cram Questions, Reliable CIFC Test Pass4sure, CIFC Valid Test Papers, Vce CIFC Torrent, Valid CIFC Test Prep

The customizable mock tests make an image of a real-based Canadian Investment Funds Course Exam (CIFC) exam which is helpful for you to overcome the pressure of taking the final examination. Customers of ActualPDF can take multiple Canadian Investment Funds Course Exam (CIFC) practice tests and improve their preparation to achieve the CIFC Certification. You can even access your previously given tests from the history, which allows you to be careful while giving the mock test next time and prepare for Canadian Investment Funds Course Exam (CIFC) certification in a better way.

Although a lot of products are cheap, but the quality is poor, perhaps users have the same concern for our CIFC learning materials. Here, we solemnly promise to users that our product error rate is zero. Everything that appears in our products has been inspected by experts. In our CIFC learning material, users will not even find a small error, such as spelling errors or grammatical errors. It is believed that no one is willing to buy defective products, so, the CIFC study materials have established a strict quality control system.

>> CIFC Exam Cram Questions <<

Reliable CIFC Test Pass4sure - CIFC Valid Test Papers

If you are worried that it is not easy to obtain the certification of CIFC. Our CIFC study questions can meet your needs. Once you use our CIFC exam materials, you don't have to worry about consuming too much time, because high efficiency is our great advantage. You only need to spend 20 to 30 hours on practicing and consolidating of our CIFC learning material, you will have a good result. After years of development practice, our CIFC test torrent is absolutely the best. You will embrace a better future if you choose our CIFC exam materials.

IFSE Institute Canadian Investment Funds Course Exam Sample Questions (Q117-Q122):

NEW QUESTION # 117
Frederic recently sold his units in a US dollar (USD) denominated mutual fund. He wants to convert the proceeds back to Canadian dollars (CAD). If he received proceeds of $1,200 USD from the sale and the exchange rate is $1 CAD for $0.99 USD, how much will Frederic receive in Canadian dollars?

  • A. $1, 12.12
  • B. $1-188.00
  • C. $1,200.00
  • D. $1,320.00

Answer: A

Explanation:
Explanation
To convert the proceeds from USD to CAD, Frederic needs to divide the amount in USD by the exchange rate.
The exchange rate is $1 CAD for $0.99 USD, which means that $0.99 USD is equivalent to $1 CAD.
Therefore, Frederic will receive

CAD in Canadian dollars. References: Canadian Investment Funds Course (CIFC) | IFSE Institute, Unit 8, Lesson 2


NEW QUESTION # 118
Megan purchases a treasury bill for $98,200. When it matures for $100,000, how does Megan treat the $1,800 difference?

  • A. as interest income
  • B. as a capital gain
  • C. as return of capital
  • D. as a dividend

Answer: A

Explanation:
Explanation
A treasury bill is a short-term debt instrument issued by the government at a discount from its face value and redeemed at par value at maturity. The difference between the purchase price and the face value is the interest income earned by the investor. Therefore, Megan treats the $1,800 difference as interest income for tax purposes. Interest income is fully taxable at the investor's marginal tax rate in the year it is received. Megan does not report any capital gain, dividend, or return of capital from the treasury bill.
References: Canadian Investment Funds Course, Unit 5, Section 5.2


NEW QUESTION # 119
Sonya meets with her client Elijah to review different investment approaches that could be offered to help him reach his financial goals. Part of that discussion included Sonya mentioning factors such as inflation, interest rates, and rates of return. Which stage of the Strategic Investment Planning (SIP) process does this describe?

  • A. Implement the Plan
  • B. Clarify Client Status, Problems and Opportunities
  • C. Monitor and Update
  • D. Identify Strategies and Present the Plan

Answer: D

Explanation:
Explanation
The Strategic Investment Planning (SIP) process is a four-step process that helps advisors to create and deliver customized investment plans for their clients. The four steps are:
* Clarify Client Status, Problems and Opportunities: This step involves gathering information about the client's personal and financial situation, goals, risk tolerance, and investment knowledge. The advisor also identifies the client's problems and opportunities, such as tax issues, estate planning needs, or market trends.
* Identify Strategies and Present the Plan: This step involves analyzing the information collected in the previous step and developing strategies to address the client's problems and opportunities. The advisor also presents the plan to the client, explaining the rationale, benefits, costs, and risks of the proposed strategies. This is the stage where Sonya mentions factors such as inflation, interest rates, and rates of return, as they are relevant to the investment approaches she is offering to Elijah.
* Implement the Plan: This step involves executing the agreed-upon strategies with the client's consent.
The advisor also ensures that the necessary documentation and transactions are completed.
* Monitor and Update: This step involves reviewing the performance of the plan and making adjustments as needed. The advisor also communicates with the client regularly and updates the plan according to any changes in the client's situation or goals.
References:
* Canadian Investment Funds Course (CIFC) Study Guide, Chapter 2: The Sales Process, Section 2.3: The Strategic Investment Planning (SIP) Process, page 2-81
* Strategic Investment Planning Process - IFSE Institute2


NEW QUESTION # 120
One of your clients, Fernando, is approaching 71 years of age and has a few questions regarding life income funds (LIFs).
Which of the following statements about LIFs is TRUE?

  • A. Fernando may make contributions to his LIF if he continues working.
  • B. Fernando can transfer money from his locked-in retirement account (LIRA) to a LIF.
  • C. Fernando is free to withdraw any amount from his LIF above the minimum amount.
  • D. Fernando can transfer money from his registered retirement savings plan (RRSP) to a LIF.

Answer: B

Explanation:
Explanation
A life income fund (LIF) is a type of registered retirement income fund (RRIF) that can be used to hold locked-in pension funds as well as other assets for an eventual payout as retirement income. A LIF cannot be withdrawn in a lump sum and has minimum and maximum withdrawal amounts each year. A LIF can only be funded by transferring money from a locked-in retirement account (LIRA) or another LIF. Therefore, D is the correct answer. References: Life Income Fund (LIF): Definition and How Withdrawals Work - Investopedia, Retraite Quebec - Characteristics of an LIF


NEW QUESTION # 121
Yesterday, Mariana purchased mutual funds for the first time from Diablo, who is a Dealing Representative for Horizon Financial. When Mariana mentions to her friend Marcus that she just started to invest, Marcus confides that he experienced losses from mutual fund investing. Her initial feelings of excitement have now changed to worry and regret. She wished she had talked to her friend before investing and wonders if she can change her mind.
Which statement regarding the right of withdrawal applies?

  • A. Before Mariana can cancel her order, she must wait two business days to pass before she can cancel her order.
  • B. The Canadian Securities Administrators have instituted national instruments regarding Mariana's right to cancel her order.
  • C. The right of withdrawal is based on the securities act legislation within the jurisdiction the purchase occurred.
  • D. How the right of withdrawal can be applied is determined by the Mutual Fund Dealers Association of Canada's conduct rules.

Answer: C


NEW QUESTION # 122
......

The Canadian Investment Funds Course Exam practice exam material is available in three different formats i.e IFSE Institute CIFC dumps PDF format, web-based practice test software, and desktop CIFC practice exam software. PDF format is pretty much easy to use for the ones who always have their smart devices and love to prepare for CIFC Exam from them. Applicants can also make notes of printed Canadian Investment Funds Course Exam (CIFC) exam material so they can use it anywhere in order to pass IFSE Institute CIFC Certification with a good score.

Reliable CIFC Test Pass4sure: https://www.actualpdf.com/CIFC_exam-dumps.html

Review the products offered by us by downloading CIFC free demos and compare them with the study material offered in online course free and vendors' files, Our ActualPDF Reliable CIFC Test Pass4sure have a huge IT elite team, Also, we adopt the useful suggestions about our CIFC practice engine from our customers, In addition, your personal development will take a giant step with IFSE Institute CIFC learning materials: Canadian Investment Funds Course Exam.

Within each of these categories are variations CIFC on the Adjust Color theme, Introduction to the Sample Scenario, Review the products offered by us by downloading CIFC free demos and compare them with the study material offered in online course free and vendors' files.

Useful CIFC Exam Cram Questions | Easy To Study and Pass Exam at first attempt & 100% Pass-Rate CIFC: Canadian Investment Funds Course Exam

Our ActualPDF have a huge IT elite team, Also, we adopt the useful suggestions about our CIFC practice engine from our customers, In addition, your personal development will take a giant step with IFSE Institute CIFC learning materials: Canadian Investment Funds Course Exam.

Would you like to distinguish yourself in IT industry?

Report this page