CIFC

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Latest CIFC Exam Dumps Questions

The dumps for CIFC exam was last updated on Jun 23,2025 .

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Question#1

Which of the following best describes implied needs of your clients?

A. They are needs reflected by statements made by clients regarding problems and dissatisfactions.
B. They are statements made by you showing readiness to solve a client's problem.
C. They are statements made by clients expressing the desire for lower commissions.
D. They are statements of wants and needs made by clients.

Question#2

Marta is turning 71 years old this year. She will have to convert her registered retirement savings plan (RRSP) to a registered retirement income fund (RRIF).
Which of the following statements is TRUE?

A. She will be able to continue contributing to her RRIF and be subject to the same annual limits as her RRS
B. When she converts her RRSP to a RRIF, she will incur a tax liability.
C. She will be subject to annual maximum withdrawal limits.
D. She does not have to withdraw the minimum amount this year.

Question#3

Evan owns retractable preferred shares of Ingram Corp.
Which statement CORRECTLY describes a key feature of Evan's shares?

A. Gives Evan the option to convert the Ingram Corp preferred shares into a fixed number of common shares at a predetermined price within a specified period.
B. Offers Evan the opportunity to receive additional dividends if Ingram Corp's profit exceeds a stated level.
C. Entitles Evan to sell the shares back to Ingram Corp at a pre-determined price and time in the future.
D. Allows Ingram Corp to buy back the preferred shares at a pre-determined price within a defined period.

Question#4

Which of the following is a rationale for a portfolio manager to use a passive portfolio management strategy?

A. The manager does not believe in using benchmarks.
B. The manager wishes to create capital gains in the mutual fund by frequently buying and selling stocks
C. The manager believes he or she can outperform the market with his or her stock picking skills.
D. The manager believes that as the markets are fairly priced, it would be futile to look for mis-priced securities.

Question#5

What information does Fund Facts provide to potential investors?

A. What the mutual fund is currently investing in.
B. How to calculate the taxes owed from investment income.
C. The portfolio management strategy that is used.
D. The remuneration paid to the Independent Review Committee.

Exam Code: CIFC         Q & A: 224 Q&As         Updated:  Jun 23,2025

 

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