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Exam CIFC Topic 1 Question 126 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 126
Topic #: 1
Frederic recently sold his units in a US dollar (USD) denominated mutual fund. He wants to convert the proceeds back to Canadian dollars (CAD). If he received proceeds of $1,200 USD from the sale and the exchange rate is $1 CAD for $0.99 USD, how much will Frederic receive in Canadian dollars?

Suggested Answer: A Vote an answer

by Chloe at Apr 14, 2024, 09:50 AM

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