Last Update Aug 28, 2025
Total Questions : 399
With Comprehensive Analysis
Last Update Aug 28, 2025
Total Questions : 399
Investment Funds in Canada (IFC) Exam
Last Update Aug 28, 2025
Total Questions : 399 With Comprehensive Analysis
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Solomon is a Dealing Representative who is excited about a new equity fund his dealer recently approved. He thinks investors will be attracted to the fund’s historical performance. He has a prospective new client, Madira, who is 25 years old. Madira has invested in mutual funds before, but not with Solomon’s dealer. She has made an appointment to open a new RRSP with Solomon’s firm.
What does Solomon need to do to make this a suitable recommendation?
A client has $100,000 in savings, $5,000 in bank accounts, and $10,000 in loans. Calculate his net worth.
Which of the following statements about registered education savings plans (RESPs) is CORRECT?