Canadian Securities Course (CSC) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Start Multiple Choice Practice Test
Start Flash Cards

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.

Which part of an organization is primarily responsible for settlements and clearing processes?

  1. Front office

  2. Back office

  3. Middle office

  4. Trust company

The correct answer is: Back office

The back office is the part of an organization that handles settlements and clearing processes. This includes tasks such as reconciling trades, managing and administering securities holdings, and ensuring accurate record keeping. The front office is typically responsible for generating revenue, and the middle office focuses on risk management and compliance. A trust company typically deals with managing assets and providing trust services for clients, but it is not directly responsible for settlements and clearing processes. Therefore, B is the correct answer.

More Questions Like This