VIP Exclusive
CFS Certified Fund Specialist VIP Practice Exam
CFS — The Certified Fund Specialist (CFS) designation is issued by the Institute of Business & Finance (IBF); the program consists of six self-study modules covering mutual funds, ETFs, closed-end funds, portfolio construction, and retirement planning, with each module assessed by a proctored exam requiring approximately 70% to pass.
49
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 49👑 VIP
A client asks you to explain the legal structure that governs open-end mutual funds in the United States. Which federal legislation established the primary regulatory framework for investment companies, including the requirement that funds redeem shares on demand at net asset value?
Questions 2–49 and full explanations are VIP-exclusive.