A sales representative is comparing the performance of a mutual fund with other funds of similar investment mandates. What is this method of relative performance evaluation called?

• A.Total rate of return
• B.Risk-adjusted rate of return
• C.T-bills plus benchmark performance
• D.Peer group

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Jeff is a new client. He is 50 years old with modest savings in the low six figures, and wants to reinvest his portfolio to ensure that he can retire comfortably at age 65. In his meeting with Jeff, the advisor uncovered some of Jeff's biases. Jeff displayed several strong emotional biases along with a few weak cognitive biases.
What should the advisor do?

• A.The advisor should moderate and adapt to Jeff's cognitive biases
• B.The advisor should moderate and adapt to Jeff's emotional biases
• C.The advisor should moderate Jeff's emotional biases
• D.The advisor should adapt to Jeff's cognitive biases

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Lucas wants to participate in the Lifelong Learning Program (LLP). He currently has $10,000 in his registered retirement savings plan (RRSP) for this purpose. He plans to make his maximum permitted withdrawal of $10,000 under the LLP in two months. Based on this information, what would be his investment objective for the $10,000 currently sitting in his RRSP?

• A.safety of principal
• B.income
• C.growth
• D.tax-deferral

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The Canadian Investor Protection Fund provides what amount of maximum protection for eligible customer losses due to a dealer member's insolvency?

• A.$250,000
• B.$100,000
• C.$500,000
• D.$1,000,000

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What term describes the range of possible future outcomes on the price of a security?

• A.Beta
• B.Risk
• C.Fluctuation
• D.Return

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