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IFC Dumps With Exact Questions and Answers

Exact2pass Provides 100% Valid Investment Funds in Canada (IFC) Exam IFC Exam dumps Questions and answers which can helps you to Pass Your Certification Exam in First Attempt.

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IFC Questions and Answers

Question # 1

An unlicensed person was hired at a securities administrator, and they accepted their first case, which may result in suspending a registrant's license. The new hire immediately requests a subpoena of witnesses (and evidence) and requests guidance from the FATF. What error did the new hire likely commit?

A.

Requesting legally binding documentation

B.

Proceeding on a case without proper registration

C.

Engaging an unrelated inter-governmental department

D.

Investigating a licensing violation case

Question # 2

The following information is available for Monique:

Number of children

1

Lifetime RESP contributions to date

$45,000

CESG received to date

$7,200

Family income

$120,000

Desired current year contribution

$7,000

What is the maximum RESP contribution that Monique can make this year?

A.

$7,000

B.

$5,000

C.

$5,500

D.

$0

Question # 3

Which of the following is a characteristic of a bond fund?

A.

Income from a bond fund will primarily be interest but may also be capital gains

B.

Bond funds are very low risk because they never go down in value.

C.

If interest rates rise the value of a bond fund will also tend to rise.

D.

Securities regulation specifies that bond funds must invest in investment grade bonds.

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