Canadian Securities Course (CSC) Practice Exam

Which office within financial firms is typically responsible for marketing and sales activities?

1. Middle office

2. Back office

3. Front office

4. Trust company

The correct answer is: Front office

The front office within financial firms is typically responsible for marketing and sales activities. This department focuses on directly generating revenue for the firm through client acquisition and sales of financial products or services. The middle office often handles risk management and product development, while the back office handles administrative tasks such as record keeping and compliance. A trust company is a type of financial institution that manages trusts on behalf of clients, but it is not typically responsible for marketing and sales activities.