Canadian Securities Course (CSC) Practice Exam

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What do Index-linked GICs guarantee?

A return of the initial investment at expiry
Interest rates linked to other rates
Exposure to equity markets
Minimum contributions made regularly

The correct answer is: A return of the initial investment at expiry

Index-linked GICs are investment products offered by banks and credit unions. They guarantee a return of the initial investment at expiry, which means that the investor will receive the full amount of their original investment at the end of the investment period. This is a guaranteed return, regardless of market conditions or fluctuations. Options B and C are incorrect because they mention conditions or linkages that an index-linked GIC does not have. Interest rates can vary and the exposure to equity markets is not guaranteed. Option D is incorrect because index-linked GICs do not require minimum contributions to be made regularly.