Which of the following is typical for a normal yield curve?

• A.short and long term rates are the same
• B.long term rates are lower than short term rates
• C.yields decline as term to maturity increases
• D.short term rates are lower than long term rates

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What role do investment dealers play in the Canadian and global financial markets?

• A.They are contributors to a company's profits.
• B.They are contributors to an investor's earnings.
• C.They assist with the exchange of capital for a financial instrument.
• D.By underwriting financial instruments, they raise capital for investors.

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Your client, James, would like to work beyond the normal retirement age. He comes to you for advice on his registered retirement savings plan (RRSP). What are the rules regarding terminating an RRSP?

• A.James must terminate the plan by the end of the year he turns 65.
• B.James must terminate the plan by the end of the year he turns 67.
• C.James must terminate the plan by the end of the year he turns 70.
• D.James must terminate the plan by the end of the year he turns 71.

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Wilma has always used the services of a tax preparation firm to file her taxes but is skeptical that she has really benefitted. This year she plans to file her own taxes for the first time.
What would be useful for her to know?

• A.Wilma's marginal tax rate may be lowered when tax deductions are applied to her total income.
• B.Wilma's top marginal tax rate will be applied to every taxable dollar when her tax return is filed.
• C.Wilma's tax deductions permit her to reduce her tax payable dollar-for-dollar.
• D.Wilma's non-refundable tax credits may only reduce her taxable income dollar-for-dollar.

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Which of the following statements about global equity funds is TRUE?

• A.They may invest in all countries including the investment fund manager's home country.
• B.They must invest almost exclusively outside of the Americas.
• C.They are always less risky than Canadian equity funds.
• D.They specialize in one or two countries.

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