Canadian Securities Course (CSC) Practice Exam

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Study for the Canadian Securities Course Exam with our comprehensive practice test. Explore flashcards and multiple-choice questions, each with detailed hints and explanations. Prepare for your CSC exam with confidence!

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What are T-bills in the Canadian securities market?

a short-term commercial draft sold at a discount.
a type of savings product that pays a competitive rate of interest and that is guaranteed for one or more years.
a protective provision providing that no subsequent mortgage bond issue may be secured by all or part of the company's assets.
Government of Canada bonds that mature in 3-month, 6-month, or 12-month maturities.

The correct answer is: Government of Canada bonds that mature in 3-month, 6-month, or 12-month maturities.

T-bills, also known as Treasury Bills, are short-term government bonds in the Canadian securities market. Option A is incorrect because it describes a commercial draft, which is a type of debt instrument used in commercial transactions. Option B is incorrect because it describes a savings product, which is not a type of bond. Option C is incorrect because it describes a protective provision for corporate bonds, which is not related to T-bills issued by the Canadian government. Therefore, the correct answer is D, as it accurately describes what T-bills are and is specifically related to the Canadian securities market.