完整的CSC2最新試題和資格考試中的領導者和最佳的CSC2：Canadian Securities Course Exam2如果你仍然在努力獲得CSI的CSC2考試認證，我們Testpdf為你實現你的夢想，Testpdf CSI的CSC2考試培訓資料是品質最好的培訓資料，為你提供了一個好的學習平臺，問題是你如何準備這個考試，以確保你百分百成功，答案是非常簡單的，如果你有適當的時間學習，那就選擇我們Testpdf CSI的CSC2考試培訓資料，有了它，你將快樂輕鬆的準備考試。 最新的 Canadian Securities Course CSC2 免費考試真題 (Q26-Q31):問題 #26
Soft-dollar arrangements can be used for which type of service?
A. Research.
B. Sales.
C. Advice.
D. Underwriting.
答案：A
問題 #27
All things being equal and assuming a stable economy, which factor most likely limits the effectiveness of fiscal policy?
A. Level of inflation.
B. Time required to approve tax legislation.
C. Level of tax rates.
D. Level of short-term interest rates.
答案：B
解題說明：
One of the most significant factors limiting the effectiveness of fiscal policy is the time lag involved in implementing tax changes or expenditure adjustments. This lag exists because fiscal policy measures typically require parliamentary approval and detailed legislative processes, delaying their impact on the economy.
* Types of Fiscal Policy Lags
* Recognition Lag: Time taken to recognize the need for intervention.
* Decision Lag: Time taken by policymakers to design and approve a fiscal response.
* Implementation Lag: Time taken for the effects of the fiscal measures to manifest in the economy.
* Other Options Considered:
* Level of Tax Rates (A): While high tax rates may reduce economic activity, they do not inherently limit fiscal policy effectiveness.
* Level of Inflation (B): Inflation primarily impacts monetary policy rather than fiscal policy directly.
* Short-Term Interest Rates (C): These are more relevant to monetary policy, which is managed separately by the central bank.
* Illustrative Case: In scenarios requiring rapid economic intervention (e.g., recessions), these lags often mean fiscal responses are delayed, sometimes reducing their relevance or efficiency by the time they are implemented.
References:Volume 2, Chapter 13: Fundamental Macroeconomic Analysis - Fiscal Policy Impact.
Volume 1, Chapter 5: Economic Policy - Challenges of Government Policy Implementation.
問題 #28
A portfolio manager at an investment firm is analyzing the behavior of stocks in various market conditions.
They believe markets are efficient and that all public and non-public and non-public available information is fully reflected in current process. How should the construct their investment portfolio?
A. Use both fundamental and technical analysis to add value to the portfolio.
B. Create a passive investment portfolio with exchange- traded funds.
C. Use technical analysis to review all past price movements and trends.
D. Actively buy and sell stocks in an attempt to beat the stock market's average returns.
答案：B
解題說明：
When an investor or portfolio manager adheres to the belief in market efficiency-specifically the strong form of the Efficient Market Hypothesis (EMH)-it implies that all information (public and non-public) is fully reflected in security prices. This belief diminishes the value of active investment strategies, such as fundamental or technical analysis, as these approaches presume the possibility of identifying undervalued or overvalued securities.
As such, the logical approach in this scenario would be to adopt a passive investment strategy. This includes constructing a portfolio of exchange-traded funds (ETFs) or index funds that replicate the performance of a broad market index, such as the S&P/TSX Composite Index. A passive approach aligns with the principle of market efficiency, as it avoids attempts to outperform the market, which are considered futile under the EMH.
:
Volume 2, Chapter 13: Fundamental and Technical Analysis, Efficient Market Hypothesis, Canadian Securities Course.
問題 #29
How can an analyst use trend analysis to analyze a company's financial statements?
A. Computer the company's current ratios with its ratios from prior years to determine a trend.
B. Analyze the ratios against companies in a wide a range of industries to see how the company is trending in the current economic cycle.
C. Review the company's ratio over the past year, as they provide the best estimate of near-term performance and future trends.
D. Identity trends by selecting the lowest ratio for the base year, even if a loss is experienced, as it represents a good starting point for analyzing the growth in the ratios.
答案：A
解題說明：
Trend analysis involves comparing a company's financial ratios or metrics over several periods to identify patterns or changes that may indicate performance trends. This approach is essential for evaluating a company's financial health over time and detecting improvements or declines in critical financial metrics.
By analyzing the current ratios-which measure liquidity and the company's ability to cover short-term obligations-with data from prior years, an analyst can determine trends such as increasing efficiency, solvency, or potential financial stress. This method provides meaningful insights into a company's financial trajectory, supporting better decision-making.
Option B and C are incorrect because they either limit the analysis to a short timeframe or ignore the significance of using a stable and representative base year. Option D deviates from the principle of selecting relevant industry peers.
:
Volume 2, Chapter 14: Company Analysis, Trend Analysis, Canadian Securities Course.
問題 #30
An advisor wants to explain the benefits of labour sponsored funds (LSVCC) to some of his clients. With which client should the advisor have this discussion?
