Grant is a Dealing Representative with WealthPlus Securities Inc. Grant becomes a volunteer member of his local arena's Hockey Association and is appointed as the Association's new Treasurer. Which of the following statements about Grant's appointment as Treasurer is CORRECT?

• A.If Grant is not compensated for the Treasurer position, his firm's approval is not required.
• B.Grant must obtain the firm's approval before he starts the Treasurer position.
• C.Since Grant holds the Treasurer position on a voluntary basis, it is not an outside activity.
• D.Grant must disclose the Treasurer position to his firm once he has accepted the position.

Comment: *

Name: *

Email: *

Verification: *

Janine will celebrate her 71st birthday this year. She currently has a lot of money in a personal registered retirement savings plan (RRSP) and knows there are rules about what she can do with those funds. Which of the following is TRUE?

• A.She can convert her RRSP to a locked-in retirement income fund (LRIF).
• B.She can convert her RRSP to a registered retirement income fund (RRIF) this year or by December 31st of next year.
• C.She can take the entire amount in cash, with no tax consequences because her RRSP funds were tax- sheltered.
• D.She can purchase a registered term or life annuity.

Comment: *

Name: *

Email: *

Verification: *

You are concerned about upcoming weakness in the Canadian dollar. Which type of fund should you invest in?

• A.A specialty fund that uses derivatives to hedge the value of its portfolio
• B.An international fund that hedges its foreign currency risk
• C.A global fund that hedges its foreign currency risk
• D.A global fund that does not hedge its foreign currency risk

Comment: *

Name: *

Email: *

Verification: *

Which of the following statements about your mutual fund registration is CORRECT?

• A.You can sell mutual funds anywhere in Canada as long as you are registered with one of the provincial or territorial securities commissions.
• B.Your online application must be reviewed and approved by your mutual fund dealer before you can begin to sell mutual funds.
• C.You must renew your registration through the online NRD system every two years.
• D.You must inform the regulatory authorities of any material or significant changes to your personal circumstances.

Comment: *

Name: *

Email: *

Verification: *

A parent wants to put aside savings for his 20-year-old disabled daughter to use at age 65. He prefers funds that require minimal management, while maximizing potential returns during earlier years. Which type of fund is most appropriate, given this parent's objectives?

• A.Balanced equity
• B.Target date
• C.High-yield income
• D.Global equity

Comment: *

Name: *

Email: *

Verification: *