Investment Funds in Canada (IFC) | 600 Questions

OUR ULTIMATE GOAL:  Make you fully prepared for your IFC exam!

This course:

• For those who want to enter into the banking industry in Canada.
• For those who are intended to take the Investment Funds in Canada (IFC) certification exam offered by Canadian Securities Institute (CSI).
• Covers all pages/points of the Investment Funds in Canada (IFC) book.
• Includes 6 mock exams, each consisting of 100 questions (Total of 600 questions (No repetitive question)).
• The closest pack of questions to the real IFC exam.
• The timing (3 hours), format (multiple-choice), level of difficulty, and passing score (60%) have been set just like your real exam.
• Detailed explanations for each question are provided.
• You’ll be able to see how many questions you got right from which chapters and more importantly,
• This mock exam is based on the same weighting of the real exam and include:
  • Chapter 1: The Role of the Mutual Fund Sales Representative: 4 Questions
  • Chapter 2: Overview of the Canadian Financial Marketplace: 3 Questions
  • Chapter 3: Overview of Economics: 6 Questions
  • Chapter 4: Getting to Know the Client: 4 Questions
  • Chapter 5: Behavioural Finance: 4 Questions
  • Chapter 6: Tax and Retirement Planning: 11 Questions
  • Chapter 7: Types of Investment Products and How They Are Traded: 7 Questions
  • Chapter 8: Constructing Investment Portfolios: 8 Questions
  • Chapter 9: Understanding Financial Statements: 3 Questions
  • Chapter 10: The Modern Mutual Fund: 5 Questions
  • Chapter 11: Conservative Mutual Fund Products: 5 Questions
  • Chapter 12: Riskier Mutual Fund Products: 5 Questions
  • Chapter 13: Alternative Managed Products: 3 Questions
  • Chapter 14: Understanding Mutual Fund Performance: 5 Questions
  • Chapter 15: Selecting a Mutual Fund: 4 Questions
  • Chapter 16: Mutual Fund Fees and Services: 7 Questions
  • Chapter 17: Mutual Fund Dealer Regulation: 11 Questions
  • Chapter 18: Applying Ethical Standards to What You Have Learned: 5 Questions

Our six series of mock exams meticulously replicate the format, difficulty level, and content weighting of the Investment Funds in Canada (IFC) exam. Through comprehensive practice, you will gain confidence, hone your skills, and become fully prepared to excel in your certification journey.

All questions have been written from scratch! You can see for yourself some of the amazing testimonials from our students who have aced the real exam:

FEATURED REVIEWS:

5 stars: Thanks for these 6 mock exams. I managed to get 95/100 in exam (appeared on 21st Jul 2024). Almost every questions in the real exam appeared familiar. In these practice test , I got scores between 73% to 86%. I also purchased your other tutorial course on IFC. Extremely satisfied. Thanks again.- Amandeep K.

You will get SIX high-quality mock exams to be ready for your certification

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Quality speaks for itself:

SAMPLE QUESTION #1 (Scenario-based):

The Thompson family allocates a significant portion of their earnings towards their retirement savings. Previously, they maintained their savings in a bank account, but recently, they made a strategic decision to diversify their investments. They chose to invest in the common shares of XYZ Corporation. XYZ Corporation utilizes a portion of their investments to acquire new technology equipment (machinery), while another portion is invested in renewable energy projects. Which direct investment can be identified in this sequence of events?

A. XYZ Corporation’s investment in renewable energy projects.

B. XYZ Corporation’s purchase of new machinery.

C. The Thompson family depositing their money in a bank account.

D. The Thompson family’s investment in common shares of XYZ Corporation.

What’s your guess? Scroll below for the answer!

ANSWER:

Correct Option: B.

Detailed Explanation:

• Portion of capital designated for investment activities is called Invsestment Capital. This investment can be direct (i.e. Buying a house or car by an individual, buying a business, machinery, paying for a startup costs by a corporation, investing in a new highway or hospital by a government) or indirect (i.e. Buying stocks, bonds, deposit of savings,…).

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SAMPLE QUESTION #2 (Calculation-based):

Emily, a financial analyst, is examining XYZ Corporation’s financial statements. She observes that the company’s retained earnings at the beginning of the year were $175,000. After earning a profit of $55,000 during the year and paying $30,000 in dividends on common shares, what is the company’s retained earnings at the end of the year?

A. $100,000.

B. $175,000.

C. $200,000.

D. $225,000.

What’s your guess? Scroll below for the answer!

ANSWER:

Correct Option: C.

Detailed Explanation:

• Retained earnings at the end of the year can be calculated by adding the profit earned during the year to the retained earnings at the beginning of the year, and then subtracting any dividends paid out.In this case, the calculation would be as follows:Retained Earnings at End of Year = Retained Earnings at Beginning of Year + Profit − Dividends Substituting the given values into the formula, we get:Retained Earnings at End of Year= $175,000 + $55,000 − $30,000 = $200,000.

Welcome to the best practice exams to help you prepare for your Investment Funds in Canada (IFC) exam.

• You can retake the exams as many times as you want
• This is a huge original question bank
• You get support from instructors if you have questions
• Each question has a detailed explanation
• Mobile-compatible with the Udemy app
• 30-days money-back guarantee if you’re not satisfied

Disclaimer:

The trade-marks AFP, AIS, BCO, CIM, CSI, CSC, CPH, DFOL, FP1, FP2, FPIC, FPSU, IDSC, IFC, NEC, OLC, PFP, PFSA, PMT, WME, Wealth Management Essentials, Branch Compliance Officer, Canadian Securities Course, Conduct and Practices Handbook Course, Investment Funds in Canada, New Entrants Course, Wealth Management Essentials, Personal Financial Services Advice Reading, Financial Planning 1, Financial Planning 2, Financial Planning Supplement, Applied Financial Planning, and Personal Financial Planner are owned by the Canadian Securities Institute (CSI®). HTB Intelligence Inc. is not sponsored, licensed, or endorsed by the Canadian Securities Institute (CSI®). Our notes and study materials and mock exams are independently produced to assist students in preparing for their exams. These materials are not officially sponsored by any other organization in the financial services industry.

We hope that by now you’re convinced!

Happy learning and Best of luck on your IFC journey!