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Exam CIFC Topic 1 Question 178 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 178
Topic #: 1
Francis wants to redeem his US Asset Allocation Fund as he needs the money for a down payment for a home purchase. The current proceeds from the redemption are USD $27,859, and the current CAD/USD exchange rate is 0.7353.
How much will Francis receive in Canadian dollars when he redeems the Funds? Please round your answer to the nearest dollar.

Suggested Answer: D Vote an answer

by Gail at Mar 03, 2024, 09:02 PM

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