Happy Lunar New Year!

Did you know that the Canadian Securities Course is increasingly popular in China? And yes, with our online quizzes we can help you pass it in China too!

And for fun, here are some facts on the year of the horse: http://www.theguardian.com/lifeandstyle/2014/jan/31/eight-things-you-probably-didnt-know-about-year-of-horse

Looking for help passing CSC and CPH exams?

Foran Financial Sample Exams are available online. You probably already know that practicing sample exam questions is an effective way of mastering the material. Practicing helps you:

  • Secure your understanding of the material
  • Identify areas of weakness
  • Gage your readiness
  • Manage your time

Foran Financial Online Exams test from the largest, most in depth question bank available for CSC1, CSC2, and CPH. Questions are developed by our securities expert, Ron Foran, who has been helping student pass these exams for over 27 years. Our questions are convenient and affordable (only $50 for 3 exams). A perfect companion to any study regime. For more information and to see what our students are saying about these products, visit our website or give me a call to 416 947 1922. See a sample of our online quizzes below and try some free samples of Foran securities questions in the CSC or CPH categories of our blog. CSC1 sample question CSC1 Sample q answer

New Online Products

Foran is making your exam preparation convenient and accessible with our online sample exam questions for the Canadian Securities Course (CSC), Conduct and Practices Course (CPH) and New Entrants Course (NEC).

Take the CSC1 for example. With a question bank of over 1400 questions, Foran has a comprehensive CSC preparation tool available in an easy to use format.

You get 3 sample exams comprising 100 multiple-choice questions each. We have weighted the questions based on the CSI’s recommended mark distribution for the exam. The questions are taken randomly from a large question bank. Every try generates a unique test for an in depth assessment of your proficiency.

Our tutorial style quizzes give you an immediate answer after each completed question, providing a rationale to help strengthen your understanding.

Our student feedback says it all:

“The online exams were hugely helpful!! They were tough (maybe even tougher) than the exam itself so it raised the bar and really helped a lot!”

If you want more information on our online exams for the CSC, CPH and NEC please visit our website or give us a call at 1 (800) 565-0374.

 

Coming soon:     Foran Case Study Challenge for FPE1® and FPE2®    Examination Candidates will soon be available online

And for those of you preparing to write the 2013 FPE1 exam, don’t forget that we have an online FPE1 sample exam available until December 1st.

CSC1 Exam Prep Questions

Questions

1. Which of the following are components of GDP using the income approach ?

I. salaries, wages and other compensation
II. consumer spending
III. government expenditures
IV. rents, interest and taxes

a) I and IV
b) II, III and IV
c) I, III and IV
d) II and III

2. The Bank of Canada carries out monetary policy primarily through changes in its target for the ?

a) Overnight Rate
b) Bank Rate
c) Prime Rate
d) LIBOR Rate

Answers

 

1. a) I and IV
Chapter 4: Economic Principles

2. a) Overnight Rate
Chapter 5: Economic Policy

For more Canadian Securities Course questions check out our CSC Quiz Books and Online Test Products.

Keep up to date on our courses and products by liking us on Facebook and following our Twitter Feed.

CSC1 Exam Prep Questions

Questions

1. What is correct about Canadian banks?

I. Banking has undergone tremendous change in the past decade. While traditional banking such as retail, commercial and corporate banking services still exist, banks today provide a variety of services through investment dealer, insurance, mortgage, trust, mutual fund and international subsidiaries.

II. Canadian banks offer consumer and commercial banking products and services, including mortgages and loans, bank accounts and investments.

III. Banks offer financial planning, cash management and wealth management services, either directly or through subsidiaries.

IV. Banks, through subsidiaries, offer a wide range of products that include segregated funds and life insurance products, trust services, leasing, mutual funds, credit card and investment dealer services.

a)         I, II
b)         III, IV
c)         I, II, III
d)         I, II, III, IV

2. Primary motives for buying put options include ?

I.          Receiving premiums
II.        Hedge against the price of the stock rising
III.       Hedge against the price of the stock falling
IV.       Substitute for a short sale
V.        Avoiding commissions

a)         I, IV
b)         II, IV, V
c)         III, IV
d)         I, III, V

Answers

1. d)     I, II, III, IV
Chapter 2: The Canadian Securities Industry

2. c)     III, IV
Chapter 10: Derivatives

For more Canadian Securities Course questions check out our CSC Quiz Books and Online Test Products.

Keep up to date on our courses and products by liking us on Facebook and following our Twitter Feed.

Canadian Securities Course volume 1

Questions

1. Under CIPF coverage, a general account includes the total of what accounts?

I. cash
II. margin
III. short sale
IV. options
V. futures
VI foreign currency

a) I, II
b) I, II, IV, V
c) I, II, III, IV, V
d) I to VI

 

2. What statements are correct about interest rates and the real rate of return?

I. Interest rates are the result of the interaction between parties who want to borrow funds and parties who want to lend funds.

II. The rate of return that a bond (or any investment) offers is made up of two components: the real rate of return and the inflation rate.

III. Because inflation reduces the value of a dollar, the return that is received, known as the nominal rate, must be reduced by the inflation rate to arrive at the actual or real rate of return.

IV. The real rate of return is determined by the supply of funds (supplied by investors) and the demand for loans (created by business). Businesses are more inclined to borrow to invest, when they believe that this investment will earn returns that are higher than the cost of borrowing. For example, when real interest rates are low, the demand for funds will rise.

V. The supply of funds tends to rise when real rates are high, as investors are more likely to lend funds. The nominal rate for loans will be made up of the real rate, as established by supply and demand, plus the expected inflation rate; and the Nominal Rate = Real Rate + Inflation Rate

VI. One factor that affects forecasts for the real rate of return is the business cycle. Real rates rise and fall throughout the business cycle, becoming higher during recessions as demand for funds falls, and lower during the expansion phase as demand for funds increase.

VII. Another factor that affects forecasts for the real rate of return is an unexpected change in the inflation rate. An investor lending money will demand an interest rate that includes his or her expectations for inflation, thereby assuring a satisfactory real rate. If the inflation rate is higher than expected, the investor’s real rate of return will be lower than expected.

a) I, II, III, IV
b) I, II, III, IV, V, VII
c) V, VI, VII
d) I, II, III, IV, V, VI, VII

Answers

 

1. d) I to VI
Chapter 3: The Canadian Regulatory Environment

2. b) I, II, III, IV, V, VII
VI should read: Real rates of return become lower (not higher) during a recession and rise (not fall) during expansion.
Chapter 7: Fixed-Income Securities: Pricing and Trading

For more Canadian Securities Course questions check out our CSC Quiz Books and Online Test Products.

Keep up to date on our courses and products by liking us on Facebook and following our Twitter Feed.

CSC1 Exam Prep Questions

Questions

Chapter 4: Economic Principles
1. To an economist full employment means ?

a)            there is no cyclical unemployment
b)            there is no structural unemployment
c)            there is no frictional unemployment
d)            there is no cyclical, structural and frictional unemployment

Chapter 6: Fixed-Income Securities: Features and Types
2. These bonds pledge equipment (typically rolling stock/vehicles) as security. The investor owns the rolling stock under a lease agreement with the issuer, until all of the loan has been paid off. These certificates are usually issued in serial form, with a set amount that matures each year

a)            equipment trust certificates
b)            collateral trust bonds
c)            debentures
d)            subordinated debentures

Answers

1. a)       there is no cyclical unemployment

2. a)       equipment trust certificates

For more Canadian Securities Course questions check out our CSC Quiz Books and Online Test Products.

Keep up to date on our courses and products by liking us on Facebook and following our Twitter Feed.

CSC1 Exam Prep Questions

Questions

 

1. What is the real rate of interest if GDP growth is 4%, inflation is 3.5% and the nominal

interest rate is 8%?

a) 4%

b) 4.5%

c) 7.5%

d) 11.5%

 

2. In a time of rising inventory costs, which accounting method results in a higher profit and higher ending inventory value, respectively ?

a) FIFO ; FIFO

b) Average Weighted Cost ; Average Weighted Cost

c) Average Weighted Cost ; FIFO

d) FIFO ; Average Weighted Cost

 

Answers

 

1. b) 4.5%

Real Interest Rate = Nominal Interest Rate – Inflation Rate

= 8% – 3.5%

= 4.5%

Chapter 4: Economic Principles

 

2. a) FIFO ; FIFO

Chapter 12: Corporations and their Financial Statements

 

For more Canadian Securities Course questions check out our CSC Quiz Books and Online Test Products.

Keep up to date on our courses and products by liking us on Facebook and following our Twitter Feed.

 

CSC1 Exam Prep Questions

Questions

Chapter 4: Economic Principles
1. Which of the following are components of GDP using the income approach ?

I. salaries, wages and other compensation
II. consumer spending
III. government expenditures
IV. rents, interest and taxes

a) I and IV
b) II, III and IV
c) I, III and IV
d) II and III

Chapter 5: Economic Policy
2. The Bank of Canada carries out monetary policy primarily through changes in its target for the ?

a) Overnight Rate
b) Bank Rate
c) Prime Rate
d) LIBOR Rate

Answers

 

1. a) I and IV

2. a) Overnight Rate

For more Canadian Securities Course questions check out our CSC Quiz Books and Online Test Products.

Keep up to date on our courses and products by liking us on Facebook and following our Twitter Feed.

Canadian Securities Course volume 1

Questions

 

Chapter 4: Economic Principles

1. What is the real rate of interest if GDP growth is 4%, inflation is 3.5% and the nominal interest rate is 8%?

a) 4%

b) 4.5%

c) 7.5%

d) 11.5%

 

Chapter 8: Equity Securities: Common and Preferred Shares

2. What is correct about a reverse stock split?

a) A reverse stock split occurs most frequently when a company’s shares have fallen in value to a level that is unattractive to investors with large amounts of capital.

b) A reverse stock split could be utilized when a company’s shares might be delisted by a stock exchange

c) A reverse split raises the market price of the new shares and can put the company in a better position to raise new capital.

d) All of the above

 

Answers

 

1. b) 4.5%

Real Interest Rate = Nominal Interest Rate – Inflation Rate

= 8% – 3.5%

= 4.5%

 

2. d) All of the above

 

For more Canadian Securities Course questions check out our CSC Quiz Books and Online Test Products.

Keep up to date on our courses and products by liking us on Facebook and following our Twitter Feed.