23F --Canadian Investment Funds (SEC. 004/005) - GROUP THINK - GKP\#/ 9. Manny and his wife, Missy, are in the process of purchasing a cottage. While they are completing the transaction, they want their funds to earn some interest. The investment must also be short-term in nature and provide them with liquidity and safety of principal. Which of the following income funds meets their needs? a. Money market Fund b. Mortgage Fund c. Bond Fund d. Dividend Fund 10. In a non-registered account, Bob has $25,000 each invested in the following mutual funds: - dividend fund - bond fund - equity fund - specialty fund He has unused registered retirement savings plan (RRSP) contribution room of around $25,000 available and wants to use one of the four mutual funds as a contribution. From a tax efficiency viewpoint, which of the following mutual funds would be the most appropriate for Bob to move into his RRSP? a. Dividend Fund b. Bond Fund c. Equity Fund d. Specialty Fund 11. Which of the following statements about your registration as a Dealing Representative is TRUE? a. You are permitted to sell mutual funds once you pass the CIFC final exam. b. You are required to diarize and remember to renew your mutual fund registration annually. c. The National Registration Database (NRD) permits a prospective Dealing Representative to apply to be registered in every jurisdiction within Canada without requiring a sponsoring mutual fund dealer. d. You are required to be sponsored by a dealer to become registered to sell mutual fund. 12. For a Dealing Representative who wants to sell mutual funds, an applicant usually needs to deal with only one securities regulator, regardless of whether they are registered in multiple jurisdictions. What is this procedure an illustration of? a. The client mobility exemption. b. The suitability exemption. c. The National Registration Database (NRD). d. The passport system