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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Which type of firms include pension funds, mutual funds, and insurance companies?

Back office
Institutional firms
Schedule III banks
Trust company

The correct answer is: Institutional firms

Institutional firms are a type of firm that typically include pension funds, mutual funds, and insurance companies as part of their investment portfolios. This is because these firms have a large amount of money to invest and are able to diversify their investments across different asset classes, such as stocks, bonds, and real estate. The other options, including back office, Schedule III banks, and trust companies, do not typically manage investments on behalf of others and are therefore not considered institutional firms.