CIFC 試験問題を無料オンラインアクセス

One of your clients, Harry, has heard that he can defer paying tax on capital gains. He wants to know if what he has heard is correct and if so, how to defer paying taxes on capital gains.
What would you tell Harry?

• A.He should hold unprofitable investments as long as possible.
• B.He should hold profitable investments as long as possible.
• C.He should invest in mutual funds just before the dividend paying date to pick up the dividend.
• D.Harry should buy and sell investments actively.

Every February, Reginald, a Dealing Representative, feels pressured by his Manager to generate new registered retirement savings plans (RRSP) and contributions to assist the branch in meeting broader business targets. Reginald is nearing the end of February, and he has a meeting with a new client, Orel. Orel wants to open a tax-free savings account (TFSA) to develop emergency savings because he does not want to worry about his withdrawals being taxed. Reginald suggests that if Orel were to contribute to an RRSP first, then the resulting tax savings could be used to fund a new emergency account.
In relation to account suitability, what can be said about Reginald's advice?

• A.Reginald is putting the client's interest first by informing Orel why he should change his purpose for investing.
• B.By convincing Orel to contribute an RRSP, instead of a TFSA, Reginald has put his client's interest first.
• C.Based on Orel's stated need, recommending an RRSP contribution is unsuitable.
• D.Recommending an investment solution that addresses two needs is putting Reginald's client's interest first

Which of the following statements about total return for money market funds is TRUE?

• A.Effective yield will always be lower than current yield.
• B.Performance is displayed with both current yield and effective yield.
• C.Current yield reflects the income earned on a money market fund for the most recent 14 day period.
• D.Current yield incorporates the compounding effect.

Over the course of a couple of weeks and several appointments, Harold was finally able to provide an investment solution for his new client, Felicia. It was a lump sum investment where they plan to see her money grow for the next 5 years.
With regards to Know Your Client (KYC) requirements, what are Harold's responsibilities moving forward?

• A.Monitor investment performance to determine if the investment solution is on track to satisfy Felicia's financial needs.
• B.KYC does not need to be revisited or revised until there is a need to conduct additional trades for Felicia's account.
• C.There are no other responsibilities for Harold to fulfill until the time horizon has been reached for this investment solution.
• D.Within 36 months of the implementation of the investment, Harold must review the KYC to ensure it is current.

Raybert has a very short-term investment objective and has decided to purchase money market instruments.
There are plenty of 90-day money market securities available for him to choose from. Although Raybert is aware that all the respective issuers have a similar need for his capital, no matter what he decides, he can only afford to purchase one.
In terms of financial markets and their relationship to the principles of supply and demand, which characteristic of investment capital are the issuers being exposed to?

• A.Mobility
• B.Sensitivity
• C.Risk
• D.Scarcity