Dan Ford Dan Ford's Profile Page

Dan Ford Dan Ford

0 Course Enrolled • 0 Course Completed

Biography

Valid IFC Test Cram, IFC Valid Dumps Book

Many people would like to fall back on the most authoritative company no matter when they have any question about preparing for IFC exam. Our company is definitely one of the most authoritative companies in the international market for IFC exam. What's more, we will provide the most considerate after sale service for our customers in twenty four hours a day seven days a week, therefore, our company is really the best choice for you to buy the IFC Training Materials.

In order to provide most comfortable review process and straightaway dumps to those IFC candidates, we offer you three versions of IFC exam software: the PDF version, the online version, and software version. There will be one version right for you and help you quickly pass the IFC with ease, so that you can obtain the most authoritative international recognition on your IT ability.

>> Valid IFC Test Cram <<

Free PDF Quiz 2025 IFC: Investment Funds in Canada (IFC) Exam – Professional Valid Test Cram

Using our reliable exam product can prove a helping hand for you to become CISI IFC certified. Do not waste any more time because this IFC exam dumps can be a turning point in your exam preparation journey. Remember that you cannot afford to suffer from IFC Exam failure because the registration fee of the test is high and you will not want to spend this massive amount for the second attempt.

CISI Investment Funds in Canada (IFC) Exam Sample Questions (Q389-Q394):

NEW QUESTION # 389
Gershon is a Dealing Representative and he opens a new account for his client, Isaac. Gershon collects the necessary information from Isaac in order to designate the Trusted Contact Person (TCP) for Isaac's account.
Which of the following statements about Isaac's TCP is CORRECT?

A. The TCP is the person whom Gershon can speak to if he becomes concerned about Isaac's mental capacity to make financial decisions.
B. The TCP is an alternative authority on Isaac's account that has the power to place a temporary hold on Isaac's account to disallow trading.
C. The TCP is the person who is designated with authority to direct financial dealings for Isaac's account and make financial decisions.
D. The TCP is an alternative to a Power of Attorney (PQA) and has the authority to make changes to Isaac's account and direct trading.

Answer: A

Explanation:
A Trusted Contact Person (TCP) is someone that an investor authorizes their brokerage firm to contact in limited circumstances, such as if the broker has trouble reaching the investor or has a reasonable belief that the investor's account may be exposed to possible financial exploitation. A TCP does not have the authority to make changes to the investor's account or direct trading, unlike a Power of Attorney (POA). A TCP also does not have the power to place a temporary hold on the investor's account, which is a decision made by the brokerage firm. Therefore, C is the correct answer. References: What is a Trusted Contact Person and why you should name one, Do You Need A 'Trusted Contact' To Help Protect You?, Investor Bulletin: Please Consider Adding a Trusted Contact Person to Your Account

NEW QUESTION # 390
Lucas is 60 years old and continues to work. He presently is a plan holder of a registered retirement savings plan (RRSP). He is considering changing his RRSP to a registered retirement income fund (RRIF).
Which of the following statements is CORRECT?

A. Investments that qualify as an eligible investment for a RRIF are different than for an RRSP.
B. There is no minimum age to be an annuitant to a RRIF.
C. Minimal withdrawals are required to start in the current calendar year his RRIF was established.
D. Once he changes his RRSP to a RRIF, his unused total RRSP contribution room is lost.

Answer: D

Explanation:
A registered retirement income fund (RRIF) is a type of registered plan that provides a stream of income in retirement. A RRIF can be created by converting an RRSP, but once the conversion is done, the plan holder can no longer make contributions to the RRSP or the RRIF. Therefore, any unused RRSP contribution room is lost after the conversion. The other statements are incorrect because:
* A. There is a minimum age to be an annuitant to a RRIF, which is 71 years old. However, a plan holder can convert an RRSP to a RRIF at any age before 71.
* C. Minimum withdrawals are required to start in the year following the year the RRIF was established, not in the current calendar year.
* D. Investments that qualify as an eligible investment for a RRIF are the same as for an RRSP, such as mutual funds, stocks, bonds, GICs, etc. References:
* Canadian Investment Funds Course (CIFC) Study Guide, Chapter 6: Registered Plans, Section 6.2:
Registered Retirement Income Fund (RRIF), page 6-81
* Registered Retirement Income Fund (RRIF) - Canada.ca2

NEW QUESTION # 391
The demand for blue widgets increases sharply due to a newspaper report that using blue widgets improves recovery from influenza. What can be said about the law of supply?

A. Price and production both decrease
B. Price and production both increase
C. Price decreases and production increases
D. Price increases and production decreases

Answer: B

Explanation:
Comprehensive and Detailed Explanation From Exact Extract:
The law of supply dictates that when demand exceeds supply, prices rise, prompting producers to increase production to meet demand and maximize profits. The feedback from the document states:
"The law of supply states that when demand is greater than supply, the price increases, and producers increase production to meet demand and maximize profit." Reference:Chapter 3 - Economic PrinciplesLearning Domain:An Introduction to the Mutual Funds Marketplace

NEW QUESTION # 392
Which of the following applies to a mutual fund trust?

A. It is always closed-end.
B. It is not efficient at passing through income to investors.
C. It has unitholders.
D. It has a board of directors and shareholders.

Answer: C

Explanation:
A mutual fund trust is a type of unit trust that meets certain conditions under the Canadian Income Tax Act and is eligible for favourable tax treatment. A unit trust is a collective investment vehicle that holds assets and distributes profits to individual unit owners, also called unitholders, instead of reinvesting them in the fund. A mutual fund trust is not a corporation and does not have a board of directors or shareholders. It is also not a closed-end fund, which has a fixed number of shares that trade on an exchange. A mutual fund trust is an open-end fund, which can issue and redeem units at any time based on the net asset value of the fund.
Canadian Investment Funds Course, Unit 5, Section 5.1

NEW QUESTION # 393
Sagira is a Compliance Officer with WealthPath Investments Inc., a registered mutual fund dealer. Sagira routinely answers inquiries from the firm's Dealing Representatives and offers guidance.
Which of the following statements would Sagira likely agree is a permitted activity for Dealing Representatives to have with clients?

A. Authority granted to a Dealing Representative over a client's account or finances must be documented under a Power of Attorney.
B. Purchasing real property from clients is permitted if there is a written agreement in place and the firm is party to the agreement.
C. Borrowing from clients is prohibited, but personal loans to clients may be offered.
D. Positions of influence are permitted if the terms and conditions of the regulator are met and the activity is approved by the dealer.

Answer: D

Explanation:
A position of influence is an outside activity that places the Dealing Representative in a position of power or influence over a client or potential client, such as a trustee, executor, or director of a charitable organization.
A position of influence may create a conflict of interest or a potential conflict of interest between the Dealing Representative and the client. Therefore, the MFDA rules require that a Dealing Representative must report any position of influence to the dealer and obtain the dealer's approval before engaging in such activity. The dealer must also ensure that the position of influence does not impair the Dealing Representative's ability to act in the best interests of the client and that the client is aware of the nature and extent of the position of influence12 References = Canadian Investment Funds Course (CIFC) - Module 1: The Financial Services Industry - Section 1.3: Know Your Client (KYC)3 and web search results from search_web(query="positions of influence and mutual fund dealers association rules")12
3: https://www.ifse.ca/wp-content/uploads/2021/08/CIFC-Module-1.pdf

NEW QUESTION # 394
......

Our company have the higher class operation system than other companies, so we can assure you that you can start to prepare for the IFC exam with our study materials in the shortest time. In addition, if you decide to buy IFC exam materials from our company, we can make sure that your benefits will far exceed the costs of you. The rate of return will be very obvious for you. We sincerely reassure all people on the IFC Test Question from our company and enjoy the benefits that our study materials bring. We believe that our study materials will have the ability to help all people pass their IFC exam and get the related exam in the near future.

IFC Valid Dumps Book: https://www.briandumpsprep.com/IFC-prep-exam-braindumps.html

CISI Valid IFC Test Cram We help you get all around comfortable services, As many people think that, even if one day we forget the formula for the area of a triangle, we can still live very well, but if it were not for the knowledge of learning IFC exam and try to obtain certification, how can we have the opportunity to good to future life, Many unfortunate candidates don't get the CISI IFC certification because they prepare for its Investment Funds in Canada (IFC) Exam (IFC) exam questions from a CISI IFC exam that dumps outdated material.

Perhaps the most basic of fills is a solid color applied inside objects, IFC She is fluent in four languages, We help you get all around comfortable services, As many people think that, even if one day we forget the formula for the area of a triangle, we can still live very well, but if it were not for the knowledge of learning IFC Exam and try to obtain certification, how can we have the opportunity to good to future life?

The advent of CISI certification IFC exam practice questions and answers

Many unfortunate candidates don't get the CISI IFC certification because they prepare for its Investment Funds in Canada (IFC) Exam (IFC) exam questions from a CISI IFC exam that dumps outdated material.

In the course of your study, the test engine of IFC actual exam will be convenient to strengthen the weaknesses in the learning process, Why not have a try on our IFC exam questions?

Dan Ford Dan Ford

Biography

Contact Us

Quick Links

Support