Pass Using CSC1 Exam Dumps

The gain is calculated as:

Buying Price:5,000 shares purchased at $15.20 = $76,000.

Selling Price:5,000 shares sold at $15.25 = $76,250.

Profit Calculation:$76,250 - $76,000 =$1,000.

This reflects the gain from executing the market orders at the respective bid-ask prices.

The Bank of Canada uses anoperating band of 50 basis pointsto manage the overnight rate. The top of the band is theBank Rate, and the bottom is the rate the Bank pays on settlement balances. The overnight rate typically operates within this band.

A. 25 basis points: This is too narrow to accommodate monetary operations.

B. 75 basis points: This is wider than the standard operating band.

D. 100 basis points: This is incorrect; the operating band is 50 basis points.

TheCanada Deposit Insurance Corporation (CDIC)insures eligible deposits (e.g., term deposits) up to a maximum of$100,000 per depositor per member institution. In this case:

Keith has $150,000 in ABC Trust Company → $100,000 is insured.

Keith has $75,000 in XYZ Trust Company → Entire $75,000 is insured.

Total insured amount = $100,000 (ABC) + $75,000 (XYZ) = $200,000.

References:Volume 1, Chapter 3 ("Investor Protection Funds and Insurance")​.

As a senior executive at ABC Inc. and a board member of XYZ Company, Diana is considered an insider for both firms. Insiders are required to report any trading activity in securities of companies where they hold positions of influence. This ensures transparency and helps prevent insider trading.

Option A:Press releases are not required for insider reporting.

Option B:Incorrect; obligations apply to both companies.

Option D:Incorrect; Diana’s role at XYZ Company also imposes reporting requirements.