A)A university course teaching the value of assets

    B)A category of investment

    C)A sum of money in a portfolio

2. Which asset class outperformed in 2003?

    A)Canadian stocks

    B)Emerging markets

    C)Canadian bonds

3. Which investment style would typically focus on buying stocks that are trading at a discount to their market values?

    A)Small-Cap

    B)Growth

    C)Value

4. If an investor had missed the 40 best days of the S&P/TSX Composite Index over the last 10-year period, ending December 31, 2003, how much money would have been lost from an initial $1,000 investment?

    A)-$113

    B)None

    C)-$595

5. How many positive years did the S&P/TSX Composite Index enjoy from 1924 to 2003?

    A)21 positive years

    B)46 positive years

    C)58 positive years

6. What is a P/E ratio?

    A)A ratio that only estimates a company's earnings

    B)A ratio used to determine a stock's valuation

    C)A ratio that determines a company's net worth

7. What effect does the threat of Federal interest rate hikes have on the equity markets?

    A)No effect

    B)Encourages capital spending, which translates to market gains

    C)Lower stock prices

8. What happens to bond prices when interest rates go up?

    A)Bond prices rise

    B)Bond prices fall

    C)Bond prices neither rise or fall

9. What is a PAC plan?

    A)A plan that allows investors to systemically and automatically invest

    B)A Pre-Authorized Capital Plan

    C)A strategy used to effectively organize and move your belongings

10. What is one of the best investment strategies an investor can use to combat volatility?

    A)Hedging

    B)Diversification

    C)Market timing