IFIC EXAM QUESTIONS AND ANSWERS
100% PASS.
Current Account - ANS records exhanges of goods between Canada and forgeiners
ROE RATIO - ANS PROFIT/EQUITY
EPS - ANS PROFIT/NUMBER OF COMMON SHARES OUTSTANDING
DIVIDEND YIELD - ANS Annual Dividend / Stock Price
P/E RATIO - ANS ratio of stock price to earnings per share
MEASURING PERFORMANCE - ANS ENDING NAVPS-BEGGINING NAVPS X100/BEGGINING
NAVPS
PURCHASE PRICE - ANS NAVPS/100%-SALES CHARGE
INFLATION - ANS CPI CURRENT PERIOD- CPI PREVIOUS PERIOD/CPI PREVIOUS PERIOD X 100
RETURN % - ANS CASH FLOW + ENDING VALUE - BEGINNING VALUE/BEGGINIGN VALUE X 100
CURRENT RATIO - ANS current assets - current liabilities
2026 STUDY MATERIAL @COPYRIGHT RESERVED 1
, INTEREST RATIO COVERAGE - ANS EARNING BEFORE INTEREST AND TAXES/TOTAL INTEREST
CHARGES
GROSS PROFIT MARGIN RATIO - ANS Gross Profit/Sales
CURRENT YIELD ON BONDS - ANS ANNUAL CASH SHOW/ CURRENT MARKET PRICE X100
Direct investment - ANS Couple investing savings in a home, government building a new
highway
Indirect investment - ANS Purchase of representational items such as stocks or mutual funds
Capitals three characteristics - ANS It is mobile, sensitive to its environment, it is scarce
Retail investors - ANS Individual investors who buy and sell securities for their own personal
accounts, and not for another company or organization.
Institutional Investors - ANS Large organizations - such as pension funds, mutual funds, and
insurance companies - that invest their own funds or the funds of others
Derivaties - ANS Products based on or derived from an underlying security
Secondary Market - ANS Investments that have already been issued by companies or
governments
Auction Market - ANS buyers enter bids and sellers enter offers for a stock
Dealer Markets - ANS Network of dealers who trade with each other. Often called OTC
markers
2026 STUDY MATERIAL @COPYRIGHT RESERVED 2
100% PASS.
Current Account - ANS records exhanges of goods between Canada and forgeiners
ROE RATIO - ANS PROFIT/EQUITY
EPS - ANS PROFIT/NUMBER OF COMMON SHARES OUTSTANDING
DIVIDEND YIELD - ANS Annual Dividend / Stock Price
P/E RATIO - ANS ratio of stock price to earnings per share
MEASURING PERFORMANCE - ANS ENDING NAVPS-BEGGINING NAVPS X100/BEGGINING
NAVPS
PURCHASE PRICE - ANS NAVPS/100%-SALES CHARGE
INFLATION - ANS CPI CURRENT PERIOD- CPI PREVIOUS PERIOD/CPI PREVIOUS PERIOD X 100
RETURN % - ANS CASH FLOW + ENDING VALUE - BEGINNING VALUE/BEGGINIGN VALUE X 100
CURRENT RATIO - ANS current assets - current liabilities
2026 STUDY MATERIAL @COPYRIGHT RESERVED 1
, INTEREST RATIO COVERAGE - ANS EARNING BEFORE INTEREST AND TAXES/TOTAL INTEREST
CHARGES
GROSS PROFIT MARGIN RATIO - ANS Gross Profit/Sales
CURRENT YIELD ON BONDS - ANS ANNUAL CASH SHOW/ CURRENT MARKET PRICE X100
Direct investment - ANS Couple investing savings in a home, government building a new
highway
Indirect investment - ANS Purchase of representational items such as stocks or mutual funds
Capitals three characteristics - ANS It is mobile, sensitive to its environment, it is scarce
Retail investors - ANS Individual investors who buy and sell securities for their own personal
accounts, and not for another company or organization.
Institutional Investors - ANS Large organizations - such as pension funds, mutual funds, and
insurance companies - that invest their own funds or the funds of others
Derivaties - ANS Products based on or derived from an underlying security
Secondary Market - ANS Investments that have already been issued by companies or
governments
Auction Market - ANS buyers enter bids and sellers enter offers for a stock
Dealer Markets - ANS Network of dealers who trade with each other. Often called OTC
markers
2026 STUDY MATERIAL @COPYRIGHT RESERVED 2
