Canadian Securities Course (CSC) Practice Exam

Question: 1 / 400

What role does a trust company typically serve in the financial sector?

Portfolio management

Sales and trading

Acts as a trustee

Trust companies typically serve as a trustee in the financial sector. This means they handle assets on behalf of a client, ensuring that the assets are managed according to the client's wishes and best interests. The other options listed, such as portfolio management, sales and trading, and compliance and audits, are typically roles fulfilled by banks or investment firms, rather than trust companies. While trust companies may offer these services, they are not their primary role.

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Compliance and audits

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