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1. When acting as a principal, how do investment dealers generate revenue?
A) Through spreads on buy/sell prices.
B) Through brokerage changes.
C) Through commissions
D) Thrown tracers.
2. What Is the requirementestablished by the Canadian Radio-television and Telecommunications Commission that applies to an advisor who is cold calling potential new clients?
A) An advisor must subscribe to the National Do Not car List (DNCL)
B) An advisor must make sales calls only during regular business hours
C) An advisor must advise DNCL registrants within the first minute that it is a sales call
D) An advisor must not can any person who has been a DNCL registrant for more than one day
3. Haw are retail stock and bond transactions settledon a daily basis amongdealers?
A) The exchange is responsible for settling all transactions according to each exchange's book of record.
B) The clearing corporation is responsible for setting an transactions according to each exchange's book of record.
C) The clearing corporation is responsible for settling all transactions according to each dealer's book of record.
D) The exchange is responsible for settling ad transactions according to each dealer's book of record.
4. What is the best long-term strategy for themunicipality to improve Us credit rating?
A) Negotiate a deal with me provincialgovernment to back up its securities.
B) Attract new investments from various industries to increase tax revenue.
C) Build a strong, exclusive industry with little competition in the region.
D) increase cash flow through higher business taxes toimprove debt repayment ability.
5. What is the role thatthe dealer memberis taking when a client's order for an unlisted security is filled directly from inventory rather than on the exchange?
A) Clearing agent
B) Alternative trading system
C) Over-the-counter agent
D) Principal
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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