1. Which of the following is not an issuer or sponsor of ETFs.

a) I-Shares

b) Powershares Canada

c) Vanguard

d) Maritime

2. Closed end funds that can be bought back by the Fund Company is called:

a) Buy back funds closed end funds

b) Interval or closed-end discretionary funds

c) Open end funds

d) Hedge funds

3. Which of the following describes the type of company that might set itself up as a

business income trust?

a) A company that can use the structure of the income trust to smooth out their

volatile earnings pattern.

b) A large natural gas company with little growth potential.

c.) A company with strong stable earnings but little growth potential.

d) A small start up company needed to retain earnings for growth.