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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When are primary distributors allowed to request bonds at the average price of the accepted competitive tenders?

When the brokerage underwriting department negotiates on security types
In negotiated offerings for new securities
In competitive tenders for new government bonds
In non-competitive tenders for Government of Canada marketable bonds

The correct answer is: In non-competitive tenders for Government of Canada marketable bonds

Primary distributors are only allowed to request bonds at the average price of accepted competitive tenders in non-competitive tenders for Government of Canada marketable bonds. Option A is incorrect because it refers to the brokerage underwriting department and security types, which are not relevant to the question. Option B is incorrect because it mentions "negotiated offerings" which are not the same as competitive tenders. Option C is incorrect because it specifies "new government bonds," but the question is asking about Government of Canada marketable bonds in general.