10 Questions
What is the primary function of an investment dealer?
To act as a financial intermediary and facilitate buying and selling of securities
Which of the following is NOT a characteristic of a fixed-income security?
Capital appreciation
What is the main objective of monetary policy in Canada?
To control inflation
What is the role of the Bank of Canada in monetary policy?
To set interest rates
What is the purpose of a sinking fund in a bond issue?
To retire a portion of the bond issue
What is the primary benefit of diversification in a portfolio?
Reduced risk
What is the main advantage of an exchange-traded fund (ETF)?
Lower fees compared to mutual funds
What is the primary objective of modern portfolio theory?
To optimize portfolio diversification
What is the primary benefit of a mutual fund?
All of the above
What is the role of the Canadian Securities Administrators?
All of the above
Learn about credit unions and caisses populaires, their services, and target audience. Discover how they cater to member-savers from common interest groups.
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