{"id":1895,"date":"2024-12-14T15:45:14","date_gmt":"2024-12-14T15:45:14","guid":{"rendered":"https:\/\/blog.passtestking.com\/?p=1895"},"modified":"2024-12-14T15:45:14","modified_gmt":"2024-12-14T15:45:14","slug":"uberpruft-cifc-dumps-qas-100-pass-von-passtestking-q95-q115","status":"publish","type":"post","link":"https:\/\/blog.passtestking.com\/de\/2024\/12\/14\/verified-cifc-dumps-qas-100-pass-from-passtestking-q95-q115\/","title":{"rendered":"Verified CIFC dumps Q&amp;As &#8211; 100% Pass from PassTestking [Q95-Q115]"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;1895&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;3&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;4.7&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;4.7\\\/5 - (3 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;Verified CIFC dumps Q\\u0026amp;As - 100% Pass from PassTestking [Q95-Q115]&quot;,&quot;width&quot;:&quot;133.8&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 133.8px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            4.7\/5 - (3 votes)    <\/div>\n    <\/div>\n<p><span style=\"font-size: 18px;color: red\"><strong>Verified CIFC dumps Q&amp;As &#8211; 100% Pass from PassTestking<\/strong><\/span><\/p>\n<p><span style=\"color: red\"><strong>Pass CIFC Exam in First Attempt Guaranteed 2024 Dumps!<\/strong><\/span><\/p>\n<div id=\"watu_quiz\" class=\"quiz-area single-page-quiz\">\n<form action=\"\" method=\"post\" class=\"quiz-form \" id=\"quiz-779\" >\n<div class='watu-question' id='question-1'><div class='question-content'><p><strong>QUESTION 95<\/strong><br \/>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.<br \/>In relation to account suitability, what can be said about Reginald&#8217;s advice?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15458' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60144' \/><div class='watu-question-choice'><input type='radio' name='answer-15458[]' id='answer-id-60144' class='answer answer-1 js-answer-label answerof-15458' value='60144' \/>&nbsp;<label for='answer-id-60144' id='answer-label-60144' class='js-answer-label answer label-1'><span class='answer'>Recommending an investment solution that addresses two needs is putting Reginald&#8217;s client&#8217;s interest first<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60145' \/><div class='watu-question-choice'><input type='radio' name='answer-15458[]' id='answer-id-60145' class='answer answer-1 php-answer-label answerof-15458' value='60145' \/>&nbsp;<label for='answer-id-60145' id='answer-label-60145' class='php-answer-label answer label-1'><span class='answer'>Based on Orel&#8217;s stated need, recommending an RRSP contribution is unsuitable.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60146' \/><div class='watu-question-choice'><input type='radio' name='answer-15458[]' id='answer-id-60146' class='answer answer-1 js-answer-label answerof-15458' value='60146' \/>&nbsp;<label for='answer-id-60146' id='answer-label-60146' class='js-answer-label answer label-1'><span class='answer'>Reginald is putting the client&#8217;s interest first by informing Orel why he should change his purpose for investing.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60147' \/><div class='watu-question-choice'><input type='radio' name='answer-15458[]' id='answer-id-60147' class='answer answer-1 js-answer-label answerof-15458' value='60147' \/>&nbsp;<label for='answer-id-60147' id='answer-label-60147' class='js-answer-label answer label-1'><span class='answer'>By convincing Orel to contribute an RRSP, instead of a TFSA, Reginald has put his client&#8217;s interest first.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(1,this)' id='btn-1' value='See Answer'  \/><input type='hidden' id='questionType1' value='radio' class=''><\/div><div class='watu-question' id='question-2'><div class='question-content'><p><strong>QUESTION 96<\/strong><br \/>Louis is the portfolio manager for Quattro Fund. The mandate of the mutual fund is to invest in a combination of cash, fixed income, and equity securities; however, Louis has the ability to adjust the portfolio according to market conditions. If Louis feels that interest rates will fall, he could invest the whole portfolio in equities. If he feels the market is too high, he could take profits and sit totally in cash. What type of mutual fund is Quattro Fund?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15459' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60148' \/><div class='watu-question-choice'><input type='radio' name='answer-15459[]' id='answer-id-60148' class='answer answer-2 js-answer-label answerof-15459' value='60148' \/>&nbsp;<label for='answer-id-60148' id='answer-label-60148' class='js-answer-label answer label-2'><span class='answer'>Canadian equity fund<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60149' \/><div class='watu-question-choice'><input type='radio' name='answer-15459[]' id='answer-id-60149' class='answer answer-2 js-answer-label answerof-15459' value='60149' \/>&nbsp;<label for='answer-id-60149' id='answer-label-60149' class='js-answer-label answer label-2'><span class='answer'>balanced fund<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60150' \/><div class='watu-question-choice'><input type='radio' name='answer-15459[]' id='answer-id-60150' class='answer answer-2 js-answer-label answerof-15459' value='60150' \/>&nbsp;<label for='answer-id-60150' id='answer-label-60150' class='js-answer-label answer label-2'><span class='answer'>commodity pool<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60151' \/><div class='watu-question-choice'><input type='radio' name='answer-15459[]' id='answer-id-60151' class='answer answer-2 php-answer-label answerof-15459' value='60151' \/>&nbsp;<label for='answer-id-60151' id='answer-label-60151' class='php-answer-label answer label-2'><span class='answer'>asset allocation fund<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>An asset allocation fund is a type of mutual fund that invests in a combination of cash, fixed income, and equity securities, but has the flexibility to adjust the portfolio according to market conditions and the fund manager&#8217;s outlook. The fund manager can change the asset mix to take advantage of opportunities or reduce risks in different asset classes and markets. The fund&#8217;s objective is to achieve a balanced risk-return profile by diversifying across different assets and investment styles. Quattro Fund is an example of an asset allocation fund, as it can invest in cash, fixed income, and equity securities, and Louis can adjust the portfolio according to his views on interest rates and the market.<br\/>References: Canadian Investment Funds Course, Unit 6, Section 6.2; 4; 5; 6<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(2,this)' id='btn-2' value='See Answer'  \/><input type='hidden' id='questionType2' value='radio' class=''><\/div><div class='watu-question' id='question-3'><div class='question-content'><p><strong>QUESTION 97<\/strong><br \/>Which of the following characteristics about mortgage mutual funds is CORRECT?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15460' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60152' \/><div class='watu-question-choice'><input type='radio' name='answer-15460[]' id='answer-id-60152' class='answer answer-3 php-answer-label answerof-15460' value='60152' \/>&nbsp;<label for='answer-id-60152' id='answer-label-60152' class='php-answer-label answer label-3'><span class='answer'>typically monthly distributions of interest<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60153' \/><div class='watu-question-choice'><input type='radio' name='answer-15460[]' id='answer-id-60153' class='answer answer-3 js-answer-label answerof-15460' value='60153' \/>&nbsp;<label for='answer-id-60153' id='answer-label-60153' class='js-answer-label answer label-3'><span class='answer'>if interest rates fall, the mutual fund&#8217;s net asset value per unit (NAVPU) will decline<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60154' \/><div class='watu-question-choice'><input type='radio' name='answer-15460[]' id='answer-id-60154' class='answer answer-3 js-answer-label answerof-15460' value='60154' \/>&nbsp;<label for='answer-id-60154' id='answer-label-60154' class='js-answer-label answer label-3'><span class='answer'>suitable only for high risk investors<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60155' \/><div class='watu-question-choice'><input type='radio' name='answer-15460[]' id='answer-id-60155' class='answer answer-3 js-answer-label answerof-15460' value='60155' \/>&nbsp;<label for='answer-id-60155' id='answer-label-60155' class='js-answer-label answer label-3'><span class='answer'>risk-free where the mortgages are National Housing Act (NHA) insured<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>A is correct because mortgage mutual funds typically pay monthly distributions of interest to their investors, as they invest in mortgages that generate regular interest income. If interest rates fall, the mutual fund&#8217;s net asset value per unit (NAVPU) will increase (B), not decline, as the value of the existing mortgages in the fund will rise. Mortgage mutual funds are suitable for low to moderate risk investors , not only for high risk investors, as they provide stable income and capital preservation. Mortgage mutual funds are not risk-free (D), even if the mortgages are National Housing Act (NHA) insured, as they still face credit risk, interest rate risk, and liquidity risk. References: Investment Funds in Canada (IFC) | Canadian Securities Institute<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(3,this)' id='btn-3' value='See Answer'  \/><input type='hidden' id='questionType3' value='radio' class=''><\/div><div class='watu-question' id='question-4'><div class='question-content'><p><strong>QUESTION 98<\/strong><br \/>During the calendar year, Firmansyah received a $1,800 eligible dividend from a large Canadian bank and a foreign, dividend from his The USD\/CAD exchange rates is 1.3605.<br \/>Firmansyah&#8217;s federal marginal tax bracket is 29%. The enhanced dividend gross-up rate is 38% and the federal dividend tax credit rate for eligible dividends is 15%.<br \/>What federal tax liability will be due from the investment income?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15461' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60156' \/><div class='watu-question-choice'><input type='radio' name='answer-15461[]' id='answer-id-60156' class='answer answer-4 js-answer-label answerof-15461' value='60156' \/>&nbsp;<label for='answer-id-60156' id='answer-label-60156' class='js-answer-label answer label-4'><span class='answer'>$522.00<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60157' \/><div class='watu-question-choice'><input type='radio' name='answer-15461[]' id='answer-id-60157' class='answer answer-4 js-answer-label answerof-15461' value='60157' \/>&nbsp;<label for='answer-id-60157' id='answer-label-60157' class='js-answer-label answer label-4'><span class='answer'>$348.00<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60158' \/><div class='watu-question-choice'><input type='radio' name='answer-15461[]' id='answer-id-60158' class='answer answer-4 php-answer-label answerof-15461' value='60158' \/>&nbsp;<label for='answer-id-60158' id='answer-label-60158' class='php-answer-label answer label-4'><span class='answer'>$695.76<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60159' \/><div class='watu-question-choice'><input type='radio' name='answer-15461[]' id='answer-id-60159' class='answer answer-4 js-answer-label answerof-15461' value='60159' \/>&nbsp;<label for='answer-id-60159' id='answer-label-60159' class='js-answer-label answer label-4'><span class='answer'>$870.00<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>To calculate Firmansyah&#8217;s federal tax liability from the investment income, we need to follow these steps:<br\/>Step 1: Convert the foreign dividend from USD to CAD using the exchange rate given in the question.<br\/>The exchange rate is 1.3605 CAD per USD, which means that 1 USD is equivalent to 1.3605 CAD.<br\/>Therefore, Firmansyah&#8217;s foreign dividend in CAD is:<br\/>500\u00d71.3605=680.25<br\/>Step 2: Calculate Firmansyah&#8217;s grossed-up dividend income from both sources. A grossed-up dividend income is the actual dividend received plus a percentage of the dividend that reflects the corporate tax paid by the issuer. The percentage varies depending on whether the dividend is eligible or non-eligible.<br\/>According to [this site], an eligible dividend is a dividend paid by a Canadian corporation that meets certain criteria, such as being listed on a designated stock exchange or being a subsidiary of such a corporation. A non-eligible dividend is a dividend that does not meet these criteria, such as a dividend paid by a foreign corporation or a small Canadian business corporation. The gross-up rate for eligible dividends in 2020 was 38%, while the gross-up rate for non-eligible dividends in 2020 was 15%.<br\/>Therefore, Firmansyah&#8217;s grossed-up dividend income from both sources is:<br\/>(1800+680.25)\u00d7(1+0.38)=3426.35<br\/>Step 3: Apply Firmansyah&#8217;s federal marginal tax rate to his grossed-up dividend income to get his federal tax before credits. A marginal tax rate is the percentage of tax applied to an additional dollar of income. According to [this site], Firmansyah&#8217;s federal marginal tax rate for 2020 was 29%, as his taxable income was between $150,473 and $214,368. Therefore, Firmansyah&#8217;s federal tax before credits is:<br\/>0.29\u00d73426.35=993.64<br\/>Step 4: Subtract Firmansyah&#8217;s federal dividend tax credit from his federal tax before credits to get his net federal tax liability from the investment income. A dividend tax credit is a percentage of the grossed-up dividend income that reflects the corporate tax paid by the issuer and avoids double taxation.<br\/>The percentage varies depending on whether the dividend is eligible or non-eligible. According to [this site], the federal dividend tax credit rate for eligible dividends in 2020 was 15%, while the federal dividend tax credit rate for non-eligible dividends in 2020 was 9.03%. Therefore, Firmansyah&#8217;s federal dividend tax credit from both sources is:<br\/>(1800+680.25)\u00d70.38\u00d70.15=297.88<br\/>Step 5: Subtract Firmansyah&#8217;s federal dividend tax credit from his federal tax before credits to get his net federal tax liability from the investment income. This is the amount of federal income tax that Firmansyah has to pay or has overpaid from the investment income. Therefore, Firmansyah&#8217;s net federal tax liability from the investment income is:<br\/>993.64297.88=695.76<br\/>Hence, option C is correct. References: [Canadian Investment Funds Course (CIFC) | IFSE Institute],<br\/>[Dividend Tax Credit | TurboTax Canada Tips], [Federal Income Tax Rates for Canada &#8211; TurboTax Canada Tips], [Eligible Dividends | TurboTax Canada Tips]<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(4,this)' id='btn-4' value='See Answer'  \/><input type='hidden' id='questionType4' value='radio' class=''><\/div><div class='watu-question' id='question-5'><div class='question-content'><p><strong>QUESTION 99<\/strong><br \/>Which of the following is a characteristic of a bond fund?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15462' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60160' \/><div class='watu-question-choice'><input type='radio' name='answer-15462[]' id='answer-id-60160' class='answer answer-5 php-answer-label answerof-15462' value='60160' \/>&nbsp;<label for='answer-id-60160' id='answer-label-60160' class='php-answer-label answer label-5'><span class='answer'>Income from a bond fund will primarily be interest but may also be capital gains<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60161' \/><div class='watu-question-choice'><input type='radio' name='answer-15462[]' id='answer-id-60161' class='answer answer-5 js-answer-label answerof-15462' value='60161' \/>&nbsp;<label for='answer-id-60161' id='answer-label-60161' class='js-answer-label answer label-5'><span class='answer'>Bond funds are very low risk because they never go down in value.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60162' \/><div class='watu-question-choice'><input type='radio' name='answer-15462[]' id='answer-id-60162' class='answer answer-5 js-answer-label answerof-15462' value='60162' \/>&nbsp;<label for='answer-id-60162' id='answer-label-60162' class='js-answer-label answer label-5'><span class='answer'>If interest rates rise the value of a bond fund will also tend to rise.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60163' \/><div class='watu-question-choice'><input type='radio' name='answer-15462[]' id='answer-id-60163' class='answer answer-5 js-answer-label answerof-15462' value='60163' \/>&nbsp;<label for='answer-id-60163' id='answer-label-60163' class='js-answer-label answer label-5'><span class='answer'>Securities regulation specifies that bond funds must invest in investment grade bonds.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(5,this)' id='btn-5' value='See Answer'  \/><input type='hidden' id='questionType5' value='radio' class=''><\/div><div class='watu-question' id='question-6'><div class='question-content'><p><strong>QUESTION 100<\/strong><br \/>Douglas, aged 73, won a lottery prize of $100,000 last week. Today he contacted Vincent, his Dealing Representative, with instructions to contribute the winnings to his registered retirement income fund (RRIF) account.<br \/>Which of the following statement about RRIF is CORRECT?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15463' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60164' \/><div class='watu-question-choice'><input type='radio' name='answer-15463[]' id='answer-id-60164' class='answer answer-6 js-answer-label answerof-15463' value='60164' \/>&nbsp;<label for='answer-id-60164' id='answer-label-60164' class='js-answer-label answer label-6'><span class='answer'>Deposits to RRIFs cannot be withdrawn for 5 years.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60165' \/><div class='watu-question-choice'><input type='radio' name='answer-15463[]' id='answer-id-60165' class='answer answer-6 php-answer-label answerof-15463' value='60165' \/>&nbsp;<label for='answer-id-60165' id='answer-label-60165' class='php-answer-label answer label-6'><span class='answer'>Deposits into RRIFs are not permitted.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60166' \/><div class='watu-question-choice'><input type='radio' name='answer-15463[]' id='answer-id-60166' class='answer answer-6 js-answer-label answerof-15463' value='60166' \/>&nbsp;<label for='answer-id-60166' id='answer-label-60166' class='js-answer-label answer label-6'><span class='answer'>Deposits to a RRIF entitle Douglas to a tax deduction.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60167' \/><div class='watu-question-choice'><input type='radio' name='answer-15463[]' id='answer-id-60167' class='answer answer-6 js-answer-label answerof-15463' value='60167' \/>&nbsp;<label for='answer-id-60167' id='answer-label-60167' class='js-answer-label answer label-6'><span class='answer'>Withdrawals from a non-qualifying RRIF are not taxable.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>A RRIF is a retirement income option that allows you to withdraw income from the savings accumulated under your RRSP. You cannot contribute new amounts to a RRIF. You can only transfer funds from your RRSP or another RRIF to your RRIF.<br\/>References = IFSE CIFC Module 6: Registered Plans, page 6-11. Can I deposit money in an RRIF? | Fonds FTQ<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(6,this)' id='btn-6' value='See Answer'  \/><input type='hidden' id='questionType6' value='radio' class=''><\/div><div class='watu-question' id='question-7'><div class='question-content'><p><strong>QUESTION 101<\/strong><br \/>During the calendar year, Firmansyah received a $1,800 eligible dividend from a large Canadian bank and a foreign, dividend from his The USD\/CAD exchange rates is 1.3605.<br \/>Firmansyah&#8217;s federal marginal tax bracket is 29%. The enhanced dividend gross-up rate is 38% and the federal dividend tax credit rate for eligible dividends is 15%.<br \/>What federal tax liability will be due from the investment income?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15464' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60168' \/><div class='watu-question-choice'><input type='radio' name='answer-15464[]' id='answer-id-60168' class='answer answer-7 js-answer-label answerof-15464' value='60168' \/>&nbsp;<label for='answer-id-60168' id='answer-label-60168' class='js-answer-label answer label-7'><span class='answer'>$522.00<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60169' \/><div class='watu-question-choice'><input type='radio' name='answer-15464[]' id='answer-id-60169' class='answer answer-7 js-answer-label answerof-15464' value='60169' \/>&nbsp;<label for='answer-id-60169' id='answer-label-60169' class='js-answer-label answer label-7'><span class='answer'>$348.00<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60170' \/><div class='watu-question-choice'><input type='radio' name='answer-15464[]' id='answer-id-60170' class='answer answer-7 php-answer-label answerof-15464' value='60170' \/>&nbsp;<label for='answer-id-60170' id='answer-label-60170' class='php-answer-label answer label-7'><span class='answer'>$695.76<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60171' \/><div class='watu-question-choice'><input type='radio' name='answer-15464[]' id='answer-id-60171' class='answer answer-7 js-answer-label answerof-15464' value='60171' \/>&nbsp;<label for='answer-id-60171' id='answer-label-60171' class='js-answer-label answer label-7'><span class='answer'>$870.00<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>To calculate Firmansyah&#8217;s federal tax liability from the investment income, we need to follow these steps:<br\/>* Step 1: Convert the foreign dividend from USD to CAD using the exchange rate given in the question.<br\/>The exchange rate is 1.3605 CAD per USD, which means that 1 USD is equivalent to 1.3605 CAD.<br\/>Therefore, Firmansyah&#8217;s foreign dividend in CAD is:<br\/>500*1.3605=680.25<br\/>* Step 2: Calculate Firmansyah&#8217;s grossed-up dividend income from both sources. A grossed-up dividend income is the actual dividend received plus a percentage of the dividend that reflects the corporate tax paid by the issuer. The percentage varies depending on whether the dividend is eligible or non-eligible.<br\/>According to [this site], an eligible dividend is a dividend paid by a Canadian corporation that meets certain criteria, such as being listed on a designated stock exchange or being a subsidiary of such a corporation. A non-eligible dividend is a dividend that does not meet these criteria, such as a dividend paid by a foreign corporation or a small Canadian business corporation. The gross-up rate for eligible dividends in 2020 was 38%, while the gross-up rate for non-eligible dividends in 2020 was 15%.<br\/>Therefore, Firmansyah&#8217;s grossed-up dividend income from both sources is:<br\/>(1800+680.25)*(1+0.38)=3426.35<br\/>* Step 3: Apply Firmansyah&#8217;s federal marginal tax rate to his grossed-up dividend income to get his federal tax before credits. A marginal tax rate is the percentage of tax applied to an additional dollar of income. According to [this site], Firmansyah&#8217;s federal marginal tax rate for 2020 was 29%, as his taxable income was between $150,473 and $214,368. Therefore, Firmansyah&#8217;s federal tax before credits is:<br\/>0.29*3426.35=993.64<br\/>* Step 4: Subtract Firmansyah&#8217;s federal dividend tax credit from his federal tax before credits to get his net federal tax liability from the investment income. A dividend tax credit is a percentage of the grossed-up dividend income that reflects the corporate tax paid by the issuer and avoids double taxation.<br\/>The percentage varies depending on whether the dividend is eligible or non-eligible. According to [this site], the federal dividend tax credit rate for eligible dividends in 2020 was 15%, while the federal dividend tax credit rate for non-eligible dividends in 2020 was 9.03%. Therefore, Firmansyah&#8217;s federal dividend tax credit from both sources is:<br\/>(1800+680.25)*0.38*0.15=297.88<br\/>* Step 5: Subtract Firmansyah&#8217;s federal dividend tax credit from his federal tax before credits to get his net federal tax liability from the investment income. This is the amount of federal income tax that Firmansyah has to pay or has overpaid from the investment income. Therefore, Firmansyah&#8217;s net federal tax liability from the investment income is:<br\/>993.64297.88=695.76<br\/>Hence, option C is correct. References: [Canadian Investment Funds Course (CIFC) | IFSE Institute],<br\/>[Dividend Tax Credit | TurboTax Canada Tips], [Federal Income Tax Rates for Canada &#8211; TurboTax Canada Tips], [Eligible Dividends | TurboTax Canada Tips]<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(7,this)' id='btn-7' value='See Answer'  \/><input type='hidden' id='questionType7' value='radio' class=''><\/div><div class='watu-question' id='question-8'><div class='question-content'><p><strong>QUESTION 102<\/strong><br \/>Your clients, Jessica and Ken, want to buy a house next year. You recommend a money market fund. How do you think a money market fund will help Jessica and Ken reach their goal?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15465' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60172' \/><div class='watu-question-choice'><input type='radio' name='answer-15465[]' id='answer-id-60172' class='answer answer-8 php-answer-label answerof-15465' value='60172' \/>&nbsp;<label for='answer-id-60172' id='answer-label-60172' class='php-answer-label answer label-8'><span class='answer'>Money market funds are safe investments because their net asset value per unit does not usually fluctuate.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60173' \/><div class='watu-question-choice'><input type='radio' name='answer-15465[]' id='answer-id-60173' class='answer answer-8 js-answer-label answerof-15465' value='60173' \/>&nbsp;<label for='answer-id-60173' id='answer-label-60173' class='js-answer-label answer label-8'><span class='answer'>Money market funds provide high returns without risking the capital invested.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60174' \/><div class='watu-question-choice'><input type='radio' name='answer-15465[]' id='answer-id-60174' class='answer answer-8 js-answer-label answerof-15465' value='60174' \/>&nbsp;<label for='answer-id-60174' id='answer-label-60174' class='js-answer-label answer label-8'><span class='answer'>Money market funds pay income weekly which can be automatically reinvested.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60175' \/><div class='watu-question-choice'><input type='radio' name='answer-15465[]' id='answer-id-60175' class='answer answer-8 js-answer-label answerof-15465' value='60175' \/>&nbsp;<label for='answer-id-60175' id='answer-label-60175' class='js-answer-label answer label-8'><span class='answer'>Money market funds provide investors a guaranteed fixed rate of return.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(8,this)' id='btn-8' value='See Answer'  \/><input type='hidden' id='questionType8' value='radio' class=''><\/div><div class='watu-question' id='question-9'><div class='question-content'><p><strong>QUESTION 103<\/strong><br \/>Which of the followings describes segregated funds?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15466' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60176' \/><div class='watu-question-choice'><input type='radio' name='answer-15466[]' id='answer-id-60176' class='answer answer-9 js-answer-label answerof-15466' value='60176' \/>&nbsp;<label for='answer-id-60176' id='answer-label-60176' class='js-answer-label answer label-9'><span class='answer'>Segregated funds have high returns, high management fees, and cannot be redeemed until the maturity date of the contract.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60177' \/><div class='watu-question-choice'><input type='radio' name='answer-15466[]' id='answer-id-60177' class='answer answer-9 js-answer-label answerof-15466' value='60177' \/>&nbsp;<label for='answer-id-60177' id='answer-label-60177' class='js-answer-label answer label-9'><span class='answer'>Segregated funds flow through capital losses to investors because the investors are the owners of the underlying fund.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60178' \/><div class='watu-question-choice'><input type='radio' name='answer-15466[]' id='answer-id-60178' class='answer answer-9 php-answer-label answerof-15466' value='60178' \/>&nbsp;<label for='answer-id-60178' id='answer-label-60178' class='php-answer-label answer label-9'><span class='answer'>Segregated funds offer some protection of the capital invested but there is an added cost for the protection.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60179' \/><div class='watu-question-choice'><input type='radio' name='answer-15466[]' id='answer-id-60179' class='answer answer-9 js-answer-label answerof-15466' value='60179' \/>&nbsp;<label for='answer-id-60179' id='answer-label-60179' class='js-answer-label answer label-9'><span class='answer'>Segregated funds are subject to securities regulation because they are distributed by mutual fund dealing representatives.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>Segregated funds offer some protection of the capital invested but there is an added cost for the protection.<br\/>Segregated funds are contracts issued by life insurance companies that invest in underlying funds, similar to mutual funds. Segregated funds have a maturity guarantee and a death benefit guarantee, which ensure that the investor or their beneficiary will receive a certain percentage of their initial investment, regardless of market fluctuations. However, these guarantees come at a cost, which is reflected in higher management fees and insurance fees than mutual funds. Segregated funds do not have high returns, as they depend on the performance of the underlying funds. Segregated funds can be redeemed before the maturity date of the contract, but they may be subject to early redemption fees or market value adjustments. Segregated funds do not flow through capital losses to investors, as they are not considered owners of the underlying fund.<br\/>Segregated funds are subject to insurance regulation, not securities regulation, because they are distributed by life insurance agents. References: Segregated Funds<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(9,this)' id='btn-9' value='See Answer'  \/><input type='hidden' id='questionType9' value='radio' class=''><\/div><div class='watu-question' id='question-10'><div class='question-content'><p><strong>QUESTION 104<\/strong><br \/>Which information is typically included in the Letter of Engagement?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15467' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60180' \/><div class='watu-question-choice'><input type='radio' name='answer-15467[]' id='answer-id-60180' class='answer answer-10 php-answer-label answerof-15467' value='60180' \/>&nbsp;<label for='answer-id-60180' id='answer-label-60180' class='php-answer-label answer label-10'><span class='answer'>Client&#8217;s responsibilities<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60181' \/><div class='watu-question-choice'><input type='radio' name='answer-15467[]' id='answer-id-60181' class='answer answer-10 js-answer-label answerof-15467' value='60181' \/>&nbsp;<label for='answer-id-60181' id='answer-label-60181' class='js-answer-label answer label-10'><span class='answer'>Process for complaints<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60182' \/><div class='watu-question-choice'><input type='radio' name='answer-15467[]' id='answer-id-60182' class='answer answer-10 js-answer-label answerof-15467' value='60182' \/>&nbsp;<label for='answer-id-60182' id='answer-label-60182' class='js-answer-label answer label-10'><span class='answer'>Investment Objective<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60183' \/><div class='watu-question-choice'><input type='radio' name='answer-15467[]' id='answer-id-60183' class='answer answer-10 js-answer-label answerof-15467' value='60183' \/>&nbsp;<label for='answer-id-60183' id='answer-label-60183' class='js-answer-label answer label-10'><span class='answer'>Payee for deposits<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(10,this)' id='btn-10' value='See Answer'  \/><input type='hidden' id='questionType10' value='radio' class=''><\/div><div class='watu-question' id='question-11'><div class='question-content'><p><strong>QUESTION 105<\/strong><br \/>At 4:00 p.m. Eastern Time on July 6, the following information is collected for the Marigold Canadian Dividend Fund:<br \/><img decoding=\"async\" src=\"https:\/\/blog.passtestking.com\/wp-content\/uploads\/2024\/12\/CIFC-4cd2c965aefc82eaa1ca20683e905fc3.jpg\"\/><br \/>What is the net asset value per unit NAVPU for the Marigold Canadian Dividend Fund for July 6?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15468' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60184' \/><div class='watu-question-choice'><input type='radio' name='answer-15468[]' id='answer-id-60184' class='answer answer-11 js-answer-label answerof-15468' value='60184' \/>&nbsp;<label for='answer-id-60184' id='answer-label-60184' class='js-answer-label answer label-11'><span class='answer'>$7.19<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60185' \/><div class='watu-question-choice'><input type='radio' name='answer-15468[]' id='answer-id-60185' class='answer answer-11 js-answer-label answerof-15468' value='60185' \/>&nbsp;<label for='answer-id-60185' id='answer-label-60185' class='js-answer-label answer label-11'><span class='answer'>$7.65<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60186' \/><div class='watu-question-choice'><input type='radio' name='answer-15468[]' id='answer-id-60186' class='answer answer-11 php-answer-label answerof-15468' value='60186' \/>&nbsp;<label for='answer-id-60186' id='answer-label-60186' class='php-answer-label answer label-11'><span class='answer'>$8.25<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60187' \/><div class='watu-question-choice'><input type='radio' name='answer-15468[]' id='answer-id-60187' class='answer answer-11 js-answer-label answerof-15468' value='60187' \/>&nbsp;<label for='answer-id-60187' id='answer-label-60187' class='js-answer-label answer label-11'><span class='answer'>$9.27<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>This is the net asset value per unit (NAVPU) for the Marigold Canadian Dividend Fund for July 6. The NAVPU is calculated by dividing the net asset value (NAV) of the fund by the number of units outstanding. In this case, the NAVPU is $8.25 ($45,668,900 \/ 5,564,443).<br\/>The NAV is the value of a fund&#8217;s assets minus the value of its liabilities. The value of assets is the value of all the securities in the portfolio, plus any cash and cash equivalents, plus any accrued income for the day. The value of liabilities is the value of all short-term and long-term liabilities, plus any accrued expenses for the day. The NAV is usually expressed on a per-share or per-unit basis, which is the NAVPU.<br\/>The NAVPU is the price at which investors can buy or sell units of the fund. It is determined at the end of each trading day based on the closing market prices of the portfolio&#8217;s securities. The NAVPU can change daily depending on the performance of the securities in the fund and the fund&#8217;s expenses.<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(11,this)' id='btn-11' value='See Answer'  \/><input type='hidden' id='questionType11' value='radio' class=''><\/div><div class='watu-question' id='question-12'><div class='question-content'><p><strong>QUESTION 106<\/strong><br \/>Beatrice is looking for comprehensive information regarding the analysis of financial statements and fund management expenses as it relates to her current mutual fund investment.<br \/>Which document would provide the information she is looking for?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15469' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60188' \/><div class='watu-question-choice'><input type='radio' name='answer-15469[]' id='answer-id-60188' class='answer answer-12 js-answer-label answerof-15469' value='60188' \/>&nbsp;<label for='answer-id-60188' id='answer-label-60188' class='js-answer-label answer label-12'><span class='answer'>Annual Information Form<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60189' \/><div class='watu-question-choice'><input type='radio' name='answer-15469[]' id='answer-id-60189' class='answer answer-12 js-answer-label answerof-15469' value='60189' \/>&nbsp;<label for='answer-id-60189' id='answer-label-60189' class='js-answer-label answer label-12'><span class='answer'>Fund Facts<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60190' \/><div class='watu-question-choice'><input type='radio' name='answer-15469[]' id='answer-id-60190' class='answer answer-12 js-answer-label answerof-15469' value='60190' \/>&nbsp;<label for='answer-id-60190' id='answer-label-60190' class='js-answer-label answer label-12'><span class='answer'>Simplified Prospectus<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60191' \/><div class='watu-question-choice'><input type='radio' name='answer-15469[]' id='answer-id-60191' class='answer answer-12 php-answer-label answerof-15469' value='60191' \/>&nbsp;<label for='answer-id-60191' id='answer-label-60191' class='php-answer-label answer label-12'><span class='answer'>Management Reports of Fund Performance<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>The Management Reports of Fund Performance (MRFP) are documents that provide information about a mutual fund&#8217;s financial performance, portfolio composition, risk profile, and management expenses. The MRFP are prepared by the fund manager and filed with the securities regulators twice a year, for the semi-annual and annual periods. The MRFP are also made available to the investors on the fund manager&#8217;s website or upon request. The MRFP include the following sections:<br\/>Financial Highlights: This section summarizes the key financial data of the fund, such as net assets, net asset value per unit, total return, ratios and supplemental data.<br\/>Past Performance: This section shows the historical returns of the fund over different time periods and compares them with a benchmark index or category average.<br\/>Summary of Investment Portfolio: This section provides a breakdown of the fund&#8217;s portfolio by asset class, sector, geographic region, and top holdings. It also shows how the portfolio has changed over the reporting period.<br\/>Management Discussion of Fund Performance: This section explains the fund&#8217;s investment objectives, strategies, and risks, and analyzes the factors that affected the fund&#8217;s performance during the reporting period. It also discloses the fund&#8217;s management expense ratio (MER), trading expense ratio (TER), and turnover rate.<br\/>Financial Statements: This section presents the fund&#8217;s statement of financial position, statement of comprehensive income, statement of changes in net assets attributable to holders of redeemable units, and statement of cash flows. It also includes notes to the financial statements that provide additional information and disclosures.<br\/>The MRFP would provide Beatrice with comprehensive information regarding the analysis of financial statements and fund management expenses as it relates to her current mutual fund investment.<br\/>References: Canadian Investment Funds Course, Chapter 6: Fund Operations and Regulations1<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(12,this)' id='btn-12' value='See Answer'  \/><input type='hidden' id='questionType12' value='radio' class=''><\/div><div class='watu-question' id='question-13'><div class='question-content'><p><strong>QUESTION 107<\/strong><br \/>Karen&#8217;s know your client (KYC) profile corresponds to someone who has a long time horizon, is comfortable with risk and volatility, and is primarily interested in growth. She watches the daily movements of the Toronto Stock Exchange (TSX) and wants a mutual fund that will closely match what she sees.<br \/>What kind of mutual fund would be BEST for her?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15470' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60192' \/><div class='watu-question-choice'><input type='radio' name='answer-15470[]' id='answer-id-60192' class='answer answer-13 js-answer-label answerof-15470' value='60192' \/>&nbsp;<label for='answer-id-60192' id='answer-label-60192' class='js-answer-label answer label-13'><span class='answer'>Canadian small capitalization equity fund<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60193' \/><div class='watu-question-choice'><input type='radio' name='answer-15470[]' id='answer-id-60193' class='answer answer-13 php-answer-label answerof-15470' value='60193' \/>&nbsp;<label for='answer-id-60193' id='answer-label-60193' class='php-answer-label answer label-13'><span class='answer'>Canadian equity index fund<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60194' \/><div class='watu-question-choice'><input type='radio' name='answer-15470[]' id='answer-id-60194' class='answer answer-13 js-answer-label answerof-15470' value='60194' \/>&nbsp;<label for='answer-id-60194' id='answer-label-60194' class='js-answer-label answer label-13'><span class='answer'>Canadian dividend fund<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60195' \/><div class='watu-question-choice'><input type='radio' name='answer-15470[]' id='answer-id-60195' class='answer answer-13 js-answer-label answerof-15470' value='60195' \/>&nbsp;<label for='answer-id-60195' id='answer-label-60195' class='js-answer-label answer label-13'><span class='answer'>Canadian bond fund<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(13,this)' id='btn-13' value='See Answer'  \/><input type='hidden' id='questionType13' value='radio' class=''><\/div><div class='watu-question' id='question-14'><div class='question-content'><p><strong>QUESTION 108<\/strong><br \/>Daisy is a Dealing Representative registered in the province of Saskatchewan only. Daisy&#8217;s client, Orville, a resident of Lloydminster, Saskatchewan is a retiree who presently has a $1,000,000 with her dealer, Easy Ride Financial. Orville is now planning to move to Vegreville, Alberta next month. Easy Ride Financial is registered in Alberta and Saskatchewan. Neither Easy Ride Financial nor Daisy have any clients who are resident in Alberta.<br \/>Which of the following should Daisy do if she wants to continue to service Orville&#8217;s account?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15471' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60196' \/><div class='watu-question-choice'><input type='radio' name='answer-15471[]' id='answer-id-60196' class='answer answer-14 js-answer-label answerof-15471' value='60196' \/>&nbsp;<label for='answer-id-60196' id='answer-label-60196' class='js-answer-label answer label-14'><span class='answer'>Daisy will need to forfeit her registration in Saskatchewan if she wants to be registered in Alberta to keep Orville as a client.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60197' \/><div class='watu-question-choice'><input type='radio' name='answer-15471[]' id='answer-id-60197' class='answer answer-14 js-answer-label answerof-15471' value='60197' \/>&nbsp;<label for='answer-id-60197' id='answer-label-60197' class='js-answer-label answer label-14'><span class='answer'>Register with a different mutual fund dealer that is registered in Alberta so she can keep Orville as a client.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60198' \/><div class='watu-question-choice'><input type='radio' name='answer-15471[]' id='answer-id-60198' class='answer answer-14 php-answer-label answerof-15471' value='60198' \/>&nbsp;<label for='answer-id-60198' id='answer-label-60198' class='php-answer-label answer label-14'><span class='answer'>Daisy could seek permission from her dealer to request a client mobility exemption with the Alberta Securities Commission.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60199' \/><div class='watu-question-choice'><input type='radio' name='answer-15471[]' id='answer-id-60199' class='answer answer-14 js-answer-label answerof-15471' value='60199' \/>&nbsp;<label for='answer-id-60199' id='answer-label-60199' class='js-answer-label answer label-14'><span class='answer'>Request approval from the Mutual Fund Dealers Association of Canada to be eligible to be a registered Dealing Representative in Alberta<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(14,this)' id='btn-14' value='See Answer'  \/><input type='hidden' id='questionType14' value='radio' class=''><\/div><div class='watu-question' id='question-15'><div class='question-content'><p><strong>QUESTION 109<\/strong><br \/>Greg is a Dealing Representative. As a part of his business building activity, Greg prepares several messages to post on his website and Facebook page. Which statement CORRECTLY describes this situation?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15472' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60200' \/><div class='watu-question-choice'><input type='radio' name='answer-15472[]' id='answer-id-60200' class='answer answer-15 js-answer-label answerof-15472' value='60200' \/>&nbsp;<label for='answer-id-60200' id='answer-label-60200' class='js-answer-label answer label-15'><span class='answer'>Posting a sales communication to a website is prohibited by the Personal Information Protection and Electronic Documents Act (PIPEDA).<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60201' \/><div class='watu-question-choice'><input type='radio' name='answer-15472[]' id='answer-id-60201' class='answer answer-15 js-answer-label answerof-15472' value='60201' \/>&nbsp;<label for='answer-id-60201' id='answer-label-60201' class='js-answer-label answer label-15'><span class='answer'>Posting messages to Facebook is prohibited by Canada&#8217;s Anti-Spam Law (CASL).<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60202' \/><div class='watu-question-choice'><input type='radio' name='answer-15472[]' id='answer-id-60202' class='answer answer-15 php-answer-label answerof-15472' value='60202' \/>&nbsp;<label for='answer-id-60202' id='answer-label-60202' class='php-answer-label answer label-15'><span class='answer'>Greg&#8217;s messages must be approved by his dealer before he can publish or issue the communication.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60203' \/><div class='watu-question-choice'><input type='radio' name='answer-15472[]' id='answer-id-60203' class='answer answer-15 js-answer-label answerof-15472' value='60203' \/>&nbsp;<label for='answer-id-60203' id='answer-label-60203' class='js-answer-label answer label-15'><span class='answer'>Greg must not discuss the investment performance, rankings, or ratings of a fund in his communication.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>According to the MFDA rules, any sales communication that is prepared by a Member or an Approved Person, such as Greg, must be approved by the dealer in writing prior to its publication, issuance, or use. A sales communication is any communication that is intended to promote the business of the Member or the Approved Person, or the sale of securities, including any communication on a website or a social media platform. The dealer must ensure that the sales communication is fair, balanced, and not misleading, and that it complies with the applicable laws and regulations12 References = web search results from search_web(query=&#8221;sales communication and mutual fund dealers association rules&#8221;)12<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(15,this)' id='btn-15' value='See Answer'  \/><input type='hidden' id='questionType15' value='radio' class=''><\/div><div class='watu-question' id='question-16'><div class='question-content'><p><strong>QUESTION 110<\/strong><br \/>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.<br \/>What would you tell Harry?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15473' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60204' \/><div class='watu-question-choice'><input type='radio' name='answer-15473[]' id='answer-id-60204' class='answer answer-16 js-answer-label answerof-15473' value='60204' \/>&nbsp;<label for='answer-id-60204' id='answer-label-60204' class='js-answer-label answer label-16'><span class='answer'>He should hold profitable investments as long as possible.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60205' \/><div class='watu-question-choice'><input type='radio' name='answer-15473[]' id='answer-id-60205' class='answer answer-16 php-answer-label answerof-15473' value='60205' \/>&nbsp;<label for='answer-id-60205' id='answer-label-60205' class='php-answer-label answer label-16'><span class='answer'>He should invest in mutual funds just before the dividend paying date to pick up the dividend.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60206' \/><div class='watu-question-choice'><input type='radio' name='answer-15473[]' id='answer-id-60206' class='answer answer-16 js-answer-label answerof-15473' value='60206' \/>&nbsp;<label for='answer-id-60206' id='answer-label-60206' class='js-answer-label answer label-16'><span class='answer'>Harry should buy and sell investments actively.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60207' \/><div class='watu-question-choice'><input type='radio' name='answer-15473[]' id='answer-id-60207' class='answer answer-16 js-answer-label answerof-15473' value='60207' \/>&nbsp;<label for='answer-id-60207' id='answer-label-60207' class='js-answer-label answer label-16'><span class='answer'>He should hold unprofitable investments as long as possible.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(16,this)' id='btn-16' value='See Answer'  \/><input type='hidden' id='questionType16' value='radio' class=''><\/div><div class='watu-question' id='question-17'><div class='question-content'><p><strong>QUESTION 111<\/strong><br \/>What does a normal yield curve look like?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15474' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60208' \/><div class='watu-question-choice'><input type='radio' name='answer-15474[]' id='answer-id-60208' class='answer answer-17 js-answer-label answerof-15474' value='60208' \/>&nbsp;<label for='answer-id-60208' id='answer-label-60208' class='js-answer-label answer label-17'><span class='answer'>slopes upward to the left<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60209' \/><div class='watu-question-choice'><input type='radio' name='answer-15474[]' id='answer-id-60209' class='answer answer-17 js-answer-label answerof-15474' value='60209' \/>&nbsp;<label for='answer-id-60209' id='answer-label-60209' class='js-answer-label answer label-17'><span class='answer'>is flat and has no slope<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60210' \/><div class='watu-question-choice'><input type='radio' name='answer-15474[]' id='answer-id-60210' class='answer answer-17 js-answer-label answerof-15474' value='60210' \/>&nbsp;<label for='answer-id-60210' id='answer-label-60210' class='js-answer-label answer label-17'><span class='answer'>slopes down to the right<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60211' \/><div class='watu-question-choice'><input type='radio' name='answer-15474[]' id='answer-id-60211' class='answer answer-17 php-answer-label answerof-15474' value='60211' \/>&nbsp;<label for='answer-id-60211' id='answer-label-60211' class='php-answer-label answer label-17'><span class='answer'>slopes upward to the right<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(17,this)' id='btn-17' value='See Answer'  \/><input type='hidden' id='questionType17' value='radio' class=''><\/div><div class='watu-question' id='question-18'><div class='question-content'><p><strong>QUESTION 112<\/strong><br \/>Danica is looking for a mutual fund to hold in her non-registered account that provides a regular stream of income with potential for capital growth. She is having difficulty distinguishing between bond funds and dividend funds. Which of the following statements is TRUE?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15475' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60212' \/><div class='watu-question-choice'><input type='radio' name='answer-15475[]' id='answer-id-60212' class='answer answer-18 js-answer-label answerof-15475' value='60212' \/>&nbsp;<label for='answer-id-60212' id='answer-label-60212' class='js-answer-label answer label-18'><span class='answer'>The return of dividend funds relies only on interest rates; whereas with bond funds, the return also depends on the general direction of stock markets.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60213' \/><div class='watu-question-choice'><input type='radio' name='answer-15475[]' id='answer-id-60213' class='answer answer-18 js-answer-label answerof-15475' value='60213' \/>&nbsp;<label for='answer-id-60213' id='answer-label-60213' class='js-answer-label answer label-18'><span class='answer'>When interest rates rise, the net asset value per unit (NAVPU) of bond funds decreases; whereas with dividend funds it rises.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60214' \/><div class='watu-question-choice'><input type='radio' name='answer-15475[]' id='answer-id-60214' class='answer answer-18 php-answer-label answerof-15475' value='60214' \/>&nbsp;<label for='answer-id-60214' id='answer-label-60214' class='php-answer-label answer label-18'><span class='answer'>Bond funds receive fixed interest payments from most of their investments.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60215' \/><div class='watu-question-choice'><input type='radio' name='answer-15475[]' id='answer-id-60215' class='answer answer-18 js-answer-label answerof-15475' value='60215' \/>&nbsp;<label for='answer-id-60215' id='answer-label-60215' class='js-answer-label answer label-18'><span class='answer'>Bond fund distributions receive more favorable tax treatment than that of dividend funds.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(18,this)' id='btn-18' value='See Answer'  \/><input type='hidden' id='questionType18' value='radio' class=''><\/div><div class='watu-question' id='question-19'><div class='question-content'><p><strong>QUESTION 113<\/strong><br \/>Your client, Cosmo, recently inherited $50,000 from his uncle. He wants to use this money towards his retirement savings. Cosmo is a 50-year old, self-employed carpenter and he earns on average $65,000 per year. He has a registered retirement savings plan (RRSP) with the bank worth $425,000 and a tax-free savings account (TFSA) worth $46,000. He started saving when he was 25 years old and has always made his own investment decisions. His money is mostly invested in balanced funds. He feels most comfortable with these types of mutual funds since they offer potential investment growth but without being too aggressive. Cosmo has no other assets.<br \/>What additional information do you need about Cosmo to fulfill your know your client obligation?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15476' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60216' \/><div class='watu-question-choice'><input type='radio' name='answer-15476[]' id='answer-id-60216' class='answer answer-19 js-answer-label answerof-15476' value='60216' \/>&nbsp;<label for='answer-id-60216' id='answer-label-60216' class='js-answer-label answer label-19'><span class='answer'>time horizon<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60217' \/><div class='watu-question-choice'><input type='radio' name='answer-15476[]' id='answer-id-60217' class='answer answer-19 js-answer-label answerof-15476' value='60217' \/>&nbsp;<label for='answer-id-60217' id='answer-label-60217' class='js-answer-label answer label-19'><span class='answer'>income and net worth<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60218' \/><div class='watu-question-choice'><input type='radio' name='answer-15476[]' id='answer-id-60218' class='answer answer-19 php-answer-label answerof-15476' value='60218' \/>&nbsp;<label for='answer-id-60218' id='answer-label-60218' class='php-answer-label answer label-19'><span class='answer'>risk tolerance<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60219' \/><div class='watu-question-choice'><input type='radio' name='answer-15476[]' id='answer-id-60219' class='answer answer-19 js-answer-label answerof-15476' value='60219' \/>&nbsp;<label for='answer-id-60219' id='answer-label-60219' class='js-answer-label answer label-19'><span class='answer'>investment objectives<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>To fulfill the know your client (KYC) obligation, an advisor must collect and document information about the client&#8217;s personal and financial situation, investment objectives, risk tolerance, and investment knowledge. The KYC rule is a regulatory requirement that ensures that the advisor understands the client&#8217;s needs and goals, and provides suitable recommendations that match the client&#8217;s profile. In this case, Cosmo has provided some information about his personal and financial situation, such as his age, occupation, income, assets, and inheritance. He has also given some indication of his investment objectives, such as saving for retirement, and his investment knowledge, such as making his own investment decisions and preferring balanced funds.<br\/>However, he has not disclosed his risk tolerance, which is his willingness and ability to accept fluctuations in the value of his investments. Risk tolerance is an important factor that affects the choice of investment strategies and products. Therefore, to complete the KYC process, the advisor needs to obtain additional information about Cosmo&#8217;s risk tolerance. References:<br\/>* Canadian Investment Funds Course (CIFC) Study Guide, Chapter 1: The Investment Funds Industry, Section 1.4: The Know Your Client (KYC) Rule, page 1-111<br\/>* Know Your Client (KYC) Definition &#8211; Investopedia2<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(19,this)' id='btn-19' value='See Answer'  \/><input type='hidden' id='questionType19' value='radio' class=''><\/div><div class='watu-question' id='question-20'><div class='question-content'><p><strong>QUESTION 114<\/strong><br \/>When comparing mutual funds, what information would help a Dealing Representative determine a suitable mutual fund for a client?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15477' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60220' \/><div class='watu-question-choice'><input type='radio' name='answer-15477[]' id='answer-id-60220' class='answer answer-20 js-answer-label answerof-15477' value='60220' \/>&nbsp;<label for='answer-id-60220' id='answer-label-60220' class='js-answer-label answer label-20'><span class='answer'>Comparing historical rates of return between different types of mutual funds.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60221' \/><div class='watu-question-choice'><input type='radio' name='answer-15477[]' id='answer-id-60221' class='answer answer-20 php-answer-label answerof-15477' value='60221' \/>&nbsp;<label for='answer-id-60221' id='answer-label-60221' class='php-answer-label answer label-20'><span class='answer'>Assessing historical differences in the rate of return per unit of risk of similar mutual funds.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60222' \/><div class='watu-question-choice'><input type='radio' name='answer-15477[]' id='answer-id-60222' class='answer answer-20 js-answer-label answerof-15477' value='60222' \/>&nbsp;<label for='answer-id-60222' id='answer-label-60222' class='js-answer-label answer label-20'><span class='answer'>Referencing the fund code for each mutual fund that is being compared.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60223' \/><div class='watu-question-choice'><input type='radio' name='answer-15477[]' id='answer-id-60223' class='answer answer-20 js-answer-label answerof-15477' value='60223' \/>&nbsp;<label for='answer-id-60223' id='answer-label-60223' class='js-answer-label answer label-20'><span class='answer'>The rights a client has if there is a desire to cancel the purchased mutual fund.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(20,this)' id='btn-20' value='See Answer'  \/><input type='hidden' id='questionType20' value='radio' class=''><\/div><div class='watu-question' id='question-21'><div class='question-content'><p><strong>QUESTION 115<\/strong><br \/>Saheed is a retiree who is considering splitting his pension income with his wife, Minu.<br \/>Which of the following outcomes may occur if he shares his pension benefits?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='15478' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60224' \/><div class='watu-question-choice'><input type='radio' name='answer-15478[]' id='answer-id-60224' class='answer answer-21 php-answer-label answerof-15478' value='60224' \/>&nbsp;<label for='answer-id-60224' id='answer-label-60224' class='php-answer-label answer label-21'><span class='answer'>Whether the couple saves on income tax will be dependent on Minu&#8217;s marginal tax rate.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60225' \/><div class='watu-question-choice'><input type='radio' name='answer-15478[]' id='answer-id-60225' class='answer answer-21 js-answer-label answerof-15478' value='60225' \/>&nbsp;<label for='answer-id-60225' id='answer-label-60225' class='js-answer-label answer label-21'><span class='answer'>Minu will be exposed to a pension adjustment (PA) if she receives income from his pension.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60226' \/><div class='watu-question-choice'><input type='radio' name='answer-15478[]' id='answer-id-60226' class='answer answer-21 js-answer-label answerof-15478' value='60226' \/>&nbsp;<label for='answer-id-60226' id='answer-label-60226' class='js-answer-label answer label-21'><span class='answer'>This is a form of tax evasion and is therefore considered illegal based on income tax legislation.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='60227' \/><div class='watu-question-choice'><input type='radio' name='answer-15478[]' id='answer-id-60227' class='answer answer-21 js-answer-label answerof-15478' value='60227' \/>&nbsp;<label for='answer-id-60227' id='answer-label-60227' class='js-answer-label answer label-21'><span class='answer'>Regardless of how much income each person reports, the total amount of income taxes will not change.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>Whether the couple saves on income tax will be dependent on Minu&#8217;s marginal tax rate. Pension income splitting is a tax planning strategy that allows a spouse or common-law partner who receives eligible pension income to allocate up to 50% of that income to their spouse or common-law partner1. This may result in tax savings if the transferring spouse or common-law partner is in a higher tax bracket than the receiving spouse or common-law partner1. The tax savings depend on the difference between the marginal tax rates of the spouses or common-law partners1. The other statements are incorrect. Minu will not be exposed to a pension adjustment (PA) if she receives income from Saheed&#8217;s pension. A PA is a measure of the value of benefits accrued in a registered pension plan or deferred profit sharing plan during a calendar year2. It reduces the RRSP contribution room of the plan member, not the spouse or common-law partner who receives part of their pension income2. Pension income splitting is not a form of tax evasion and is not illegal based on income tax legislation. It is a legitimate way to reduce taxable income and taxes payable by shifting income from a higher-income spouse or common-law partner to a lower-income spouse or common-law partner1. Pension income splitting may change the total amount of income taxes paid by the couple, depending on their marginal tax rates. If the transferring spouse or common-law partner is in a higher tax bracket than the receiving spouse or common-law partner, pension income splitting may lower their combined taxes payable1. However, if they are in the same tax bracket, pension income splitting may not have any effect on their taxes payable1.<br\/>References: Pension income splitting, Pension adjustment<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(21,this)' id='btn-21' value='See Answer'  \/><input type='hidden' id='questionType21' value='radio' class=''><\/div><div style='display:none' id='question-22'><br \/><div class='question-content'><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.passtestking.com\/wp-content\/plugins\/watu\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading ...\" title=\"Loading ...\" \/>&nbsp;Loading &#8230;<\/div><\/div><br \/>\n<input type=\"button\" name=\"action\" onclick=\"Watu.submitResult()\" id=\"action-button\" style=\"margin:0 auto 20px auto;\" value=\"View Results\"  class=\"watu-submit-button\" \/>\n<input type=\"hidden\" name=\"no_ajax\" value=\"0\"><input type=\"hidden\" name=\"quiz_id\" value=\"779\" \/>\n<input type=\"hidden\" id=\"watuStartTime\" name=\"start_time\" value=\"2026-09-24 01:01:16\" \/>\n<\/form>\n<\/div>\n<div id=\"watu-loading-result\" style=\"display:none;\">\n\t<p align=\"center\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.passtestking.com\/wp-content\/plugins\/watu\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading\" title=\"Loading\" \/><\/p>\n<\/div>\t\n<script type=\"text\/javascript\">\nvar exam_id=0;\nvar question_ids='';\nvar watuURL='';\njQuery(function($){\nquestion_ids = \"15458,15459,15460,15461,15462,15463,15464,15465,15466,15467,15468,15469,15470,15471,15472,15473,15474,15475,15476,15477,15478\";\nexam_id = 779;\nWatu.exam_id = exam_id;\nWatu.qArr = question_ids.split(',');\nWatu.post_id = 1895;\nWatu.singlePage = '1';\nWatu.hAppID = \"0.19705900 1790211676\";\nwatuURL = \"https:\/\/blog.passtestking.com\/wp-admin\/admin-ajax.php\";\nWatu.noAlertUnanswered = 0;\n});\n\nfunction showanswer1(e,q) {\n\tvar check = new Array();\n\tjQuery('.answer-' + e).each(function (i) {\n\t\tcheck.push(this.checked)\n\t})\n\tlet textval = jQuery('.watu-textarea-' + e).val()\n\tif (jQuery.inArray(true, check) >= 0 || textval !== '' && textval !== undefined) {\n\t\tjQuery(q).stop().fadeOut(300)\n\t\tjQuery('.php-answer-label.label-' + e).addClass(\n\t\t\t'correct-answer'\n\t\t)\n\t\tjQuery('.answer-' + e).each(function (i) {\n\t\t\tif (this.checked && this.className.match(\/js\\-answer\/)) {\n\t\t\t\tvar number = this.id.toString().replace(\/\\D\/g, '')\n\t\t\t\tif (number) {\n\t\t\t\t\tjQuery('#answer-label-' + number).addClass('user-answer')\n\t\t\t\t}\n\t\t\t}\n\t\t})\n\t\tjQuery(q).siblings('.show-question-feedback').stop().fadeIn(300)\n\t\ttextval = ''\n\t} else if (textval == '' || textval == undefined){\n\t\t\/\/jQuery(\".hint\").stop().fadeIn(300)\n\t\talert('Please first answer the question');\n\t}\n}\nvar btnisshow = jQuery(\".php-answer-label\").length\nif (btnisshow > 0) {\n\tjQuery('.showchecked').show()\n} else {\n\tjQuery('.showchecked').hide()\n}\n<\/script>\n<p><strong>CIFC Dumps Full Questions &#8211; Exam Study Guide: <a href=\"https:\/\/www.passtestking.com\/IFSE-Institute\/CIFC-practice-exam-dumps.html\" target=\"_blank\" rel=\"noopener\">https:\/\/www.passtestking.com\/IFSE-Institute\/CIFC-practice-exam-dumps.html<\/a><\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Verified CIFC Dumps Q&amp;As - 100% Pass von PassTestking Pass CIFC Pr\u00fcfung im ersten Versuch garantiert 2024 Dumps! 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