Canadian Securities Course (CSC) Practice Exam

Question: 1 / 400

What is the main function of integrated firms in the financial industry?

Portfolio management

Settlements and clearing

Compliance and legal services

Combining retail and institutional aspects

The main function of integrated firms in the financial industry is to combine retail and institutional aspects, meaning they handle both retail banking services for individuals and institutional services for larger organizations. Option A is incorrect because portfolio management is just one aspect of these integrated firms. Option B is incorrect because settlements and clearing is just one function of these firms, and not the main one. Option C is incorrect because compliance and legal services may be important for these firms, but it is not the main function that sets them apart.

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