9. Mrs Smith invested $300,000 in a company that provides a Guaranteed Minimum Withdrawal Benefit (GMWB). What is her minimum guarantee?

a) 3-5%

b) 6-8%

c) 4-6%

d) 5-7%

10. Which of the following is true about hedge funds and mutual funds?

a) Hedge focuses on relative returns and mutual fund absolute returns

b) Hedge focuses on absolute returns and mutual fund absolute returns

c) Hedge focuses on relative returns and mutual fund relative returns

d) Hedge focuses on absolute returns and mutual fund relative returns

16. Which of the following accounts or products would be most appropriate for a

client who wishes the advisor to have some say in adjusting the asset mix of the

portfolio?

a) ETF wrap account.

b) Proprietary managed program.

c) Fund of funds.

d) Self directed accounts

21. If a company that offers segregated funds should declare bankruptcy, which of the following institutions would provide some level of protection to investors?

a) CIPF

b) CDIC

c) Assuris

d) The Government