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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What role does a trust company typically serve in the financial sector?

Portfolio management
Sales and trading
Acts as a trustee
Compliance and audits

The correct answer is: Acts as a trustee

Trust companies typically serve as a trustee in the financial sector. This means they handle assets on behalf of a client, ensuring that the assets are managed according to the client's wishes and best interests. The other options listed, such as portfolio management, sales and trading, and compliance and audits, are typically roles fulfilled by banks or investment firms, rather than trust companies. While trust companies may offer these services, they are not their primary role.