Canadian Securities Course (CSC) Practice Exam

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Prepare for the Canadian Securities Course Exam with our comprehensive quiz. With flashcards and multiple-choice questions, each equipped with hints and detailed explanations, you'll build the knowledge you need to succeed in your exam.

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Which type of firms cater to individuals and offer both full service and discount brokerage services?

Front office
Integrated firms
Retail firms
Schedule II banks

The correct answer is: Retail firms

Retail firms cater to individuals and offer both full service and discount brokerage services. Front office is a general term that refers to customer-facing areas in an organization, but it is not specific to the brokerage industry. Integrated firms may offer more than just brokerage services and may not focus solely on catering to individuals. Schedule II banks are accredited financial institutions that are authorized to hold and invest funds for clients, but they do not necessarily offer full service and discount brokerage services like retail firms do.