Green light 1 Exam Questions and Answers All Correct
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Course
Green light 1
Institution
Green Light 1
Green light 1 Exam Questions and Answers All Correct
Blue Sky laws are established under which of the following?
The Code of Procedure
The Uniform Securities Act
The Securities Act of 1933
The Securities Exchange Act of 1934 - Answer-The Uniform Securities Act
Which of the fo...
Green light 1 Exam Questions and
Answers All Correct
Blue Sky laws are established under which of the following?
The Code of Procedure
The Uniform Securities Act
The Securities Act of 1933
The Securities Exchange Act of 1934 - Answer-The Uniform Securities Act 🚽
Which of the following statements best defines the term duration?
It is the period before a fixed - income security will be called
It is the measure of volatility that compares an equity security to the S & P 500 Index
It is a measure of a fixed income portfolio's average yield
It is a measure of a fixed - income security's relative interest - rate risk - Answer-It is a
measure of a fixed income security's relative interest - rate risk
A bond with a 4 % coupon is priced at a 3.20 basis . If the bond's yield - to- maturity
decreased by 10 basis points , the yield would be :
3.90 %
3.10 %
4.10 %
3.30 % - Answer-3.10%
Which of the following actions should be taken if a registered representative ( RR )
receives a written complaint from a customer ?
The RR should respond to the complaint within 10 business days .
The RR should forward the complaint to her principal .
, FINRA should receive a copy of the complaint within 10 business days .
The firm should immediately respond to the customer . - Answer-The RR should forward
the complaint to her principle
Interest on U.S. Treasury securities is :
Subject to federal income tax but exempt from state income tax
Subject to federal and state income tax
Subject to state income tax , but exempt from federal income tax
Exempt from federal and state income tax - Answer-Subject to federal income tax, but
exempt from state income tax
Which of the following is TRUE concerning the beneficiary of a Coverdell ESA ?
Contributions can be made until age 18 and must be used by age 30 .
Contributions can be made until age 18 and used at any age .
Contributions can be made until age 25 and must be used by age 30 .
Contributions can be made until age 25 and used at any age . - Answer-Contributions
can be made until age 18 and must be used by age 30
If an associated person signs the arbitration clause in Form U4 they are agreeing to
which of the following ?
To use arbitration as the process for resolving disputes only with customers
To use arbitration as the process for resolving disputes that involve only other FINRA
member firms
To use arbitration as the process for resolving disputes that involve his employer , other
member firms and associated persons , and customers
To use arbitration as the process for resolving disputes that involve only his employer -
Answer-To use arbitration as the process for resolving disputes that involve only his
employer
Which of the following statements is NOT TRUE ?
Broker - dealers must send customers balance sheets at least every six months
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