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2025 100% Free CSC2–Professional 100% Free Valid Test Labs | Test Canadian Securities Course Exam2 Dumps.zip

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Aspiring CSI professionals strive to excel in CSI CSC2 exams such as the Canadian Securities Course Exam2 (CSC2) to achieve their dream careers. However, passing the CSC2 Exam can be challenging, especially with a demanding schedule that leaves little time for preparation.

CSI Canadian Securities Course Exam2 Sample Questions (Q42-Q47):

NEW QUESTION # 42
What is margin in an equity transaction?

A. Loan that a dealer extends to a client to buy securities.
B. interest paid by the client to borrows securities.
C. Good-faith deposit to ensure the client will make future financial obligations
D. Amount paid by a client when he uses credit to buy securities

Answer: A

Explanation:
In an equity transaction,marginrefers to the loan that a dealer extends to a client to facilitate the purchase of securities. The client pays a portion of the purchase price (the margin requirement), while the dealer provides the remainder as a loan. This enables clients to leverage their investments and potentially enhance returns, albeit with increased risk.
Other options:
* Amount paid by a client when using credit to buy securities: Describes the margin requirement but does not fully define margin.
* Good-faith deposit to ensure future financial obligations: Refers to initial margin in derivatives trading, not equity transactions.
* Interest paid by the client to borrow securities: Refers to short-selling, not buying on margin.
References:
* Volume 1, Chapter 9:Equity Transactions, section on "Margin Accounts" explains the mechanics of margin trading and loans.

NEW QUESTION # 43
What is a characteristic of provincial savings bonds?

A. Mature every six months
B. Backed by provincial assets
C. Available only at a certain time
D. Can be issued Internationally.

Answer: C

Explanation:
Provincial savings bondsare available for purchase only during specific periods, often during annual campaigns. They are a secure investment option backed by the issuing provincial government and are available only to residents of the issuing province. They are not issued internationally and do not mature every six months.
References:
* Volume 1, Chapter 6:Fixed-Income Securities, section on "Provincial and Municipal Securities" discusses the features and issuance timing of provincial savings bonds.

NEW QUESTION # 44
How do the fees differ between an F-class and front-end version of the same fund?

A. The management expense ratio is lower on the F-class fund.
B. The management expense ratio is higher on the F-class fund.
C. The commission changed is higher on the F-class fund.
D. The fees are identical

Answer: A

Explanation:
F-class funds are designed for fee-based accounts, where investors pay advisors a separate fee for services rather than a commission. This structure impacts the Management Expense Ratio (MER).
* Management Expense Ratio (MER):
* F-Class Funds: Exclude embedded advisor commissions, resulting in lower MER. These funds are cost-effective for investors in fee-based arrangements.
* Front-End Funds: Include advisor commissions as part of the MER, increasing overall costs.
* Fee Structure:
* F-class funds charge a flat management fee without embedded commissions, offering more transparency.
* Front-end funds involve a sales charge (front-end load) that compensates advisors directly at the time of purchase.
Key Differences Between F-Class and Front-End FundsWhy A is CorrectThe lower MER of F-class funds reflects the absence of embedded advisor fees, making them more attractive to fee-conscious investors.
References:
* Volume 2, Section 25: Fee-Based Accounts-Advantages and Structure of F-Class Funds.
* Volume 2, Section 17: Mutual Funds-Charges Associated with Funds.

NEW QUESTION # 45
Which type of sell side equity revenue is earned when a dealer acts in thecapacity of an agent in clients trade?

A. Interest
B. Spreads
C. Fees
D. Commission

Answer: D

Explanation:
In the context of sell-side equity revenue, when a dealer acts as anagentfor a client's trade, the revenue is typically earned as acommission. The dealer facilitates the trade between buyers and sellers without taking ownership of the securities, earning fees for providing this service.
* Commission: Earned when the dealer acts as an agent.
* Spreads: Earned when the dealer acts as a principal, buying securities at one price and selling at a higher price.
* Fees: Charged for additional services, such as research or analytics.
* Interest: Earned from financing activities or margin accounts, not directly tied to trading.
* A. Fees: Incorrect; fees are typically charged for services, not for acting as an agent.
* B. Spreads: Incorrect; spreads are earned when the dealer acts as a principal.
* C. Interest: Incorrect; interest revenue is unrelated to acting as an agent.
* D. Commission: Correct answer. Acting as an agent involves earning commissions for facilitating trades.
Types of Revenue in Sell-Side Trading:Explanation of Options:References:
* CSC Volume 2, Chapter 27: The Role of Sell-Side Dealers, which details revenue models in institutional and retail trading.

NEW QUESTION # 46
What legal authority does the done receive under the protection mandate in Quebec?

A. The authority to make decisions and to perform certain actions on behalf of the donor if they become incapacitated.
B. The authority to get the will probated and take all the necessary steps for its execution.
C. The authority to make decisions and to perform certain action on behalf of the donor while they are capable.
D. The authority to administrator and distribute the assets in the estate of a deceased after death.

Answer: A

Explanation:
In Quebec, the concept of a protection mandate (also known as a "mandate in case of incapacity") allows a person (the donor) to appoint someone (the mandatary or donee) to act on their behalf if they become unable to do so. The legal authority granted under this mandate encompasses decision-making and taking actions on behalf of the donor when they are incapacitated, ensuring their personal, medical, and financial interests are protected.
* Purpose: The primary purpose of the protection mandate is to prepare for a scenario where the donor loses their mental or physical capacity to manage their own affairs. It is a proactive measure for managing one's personal care and assets.
* Scope of Authority:
* The mandatary gains authority to make personal and financial decisions once the incapacity of the donor is confirmed, usually by a medical and legal process.
* The decisions may include managing bank accounts, paying bills, handling investments, and making healthcare decisions on behalf of the donor.
* Validation Requirement: The mandate only comes into effect after a formal validation process involving legal authorities to confirm the donor's incapacity.
* Legal Framework: The Quebec Civil Code governs the creation and execution of a protection mandate, ensuring the mandatary acts in the best interest of the incapacitated individual.
* The protection mandate specifically applies in cases where the donor is incapacitated. It grants the donee authority to manage aspects of the donor's life that they can no longer handle themselves.
* Options A, C, and D refer to different legal instruments or scenarios, such as probating a will (A), acting while the donor is capable (C), or estate administration after death (D), none of which are relevant under a protection mandate in Quebec.
Key Aspects of the Protection Mandate:Why Option B Is Correct:References from CSC Study Materials:
* Volume 2, Chapter 26: "Working with the Retail Client," Section on Estate Planning, Powers of Attorney, and Living Wills.

NEW QUESTION # 47
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