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CSI Investment Funds in Canada (IFC) Exam IFC Question # 27 Topic 3 Discussion

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CSI Investment Funds in Canada (IFC) Exam IFC Question # 27 Topic 3 Discussion

IFC Exam Topic 3 Question 27 Discussion:
Question #: 27
Topic #: 3

Francis wants to redeem his US Asset Allocation Fund as he needs the money for a down payment for a home purchase. The current proceeds from the redemption are USD $27,859, and the current CAD/USD exchange rate is 0.7353.

How much will Francis receive in Canadian dollars when he redeems the Funds? Please round your answer to the nearest dollar.
A.

$37,888

B.

$36,698

C.

$42,861

D.

$35,859

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Actual exam question for CSI IFC exam by Sage33563 at Jan 25, 2026, 1:03:32 PM

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