FINRA SIE Practice Exam Questions & Answers
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In a period of low inflation and economic recession, the Federal Reserve is
expected to take
which of the following actions?
A) Decrease Taxes
B) Require banks to increase reserve
C) Buy bonds in the open market - Correct Answer-Buy bonds in the open
market
Under FINRA rules which of the following activities by a registered
representative requires
written notification to her firm?
A) Gambling resulting in winnings in excess of $10,000
B) Driving part time for a transportation network company on weekends
C) Selling non proprietary investment company securities through her firm -
Correct AnswerDriving part time for a transportation network company on
weekends
,FINRA SIE Practice Exam Questions & Answers
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FinCEN accomplishes its mission to safeguard the financial system from the
abuses of financial
crime, including terrorist financing and money laundering, by enforcing.
A) SEC regulations
B) The Bank Secrecy Act
C) The Securities Act of 1933
D) The investment Company Act of 1940 - Correct Answer-The Bank Secrecy Act
Call protection is most valuable to a bond owner when bond prices are
generally.
A) Rising
B) Falling
C) Stable
D) Fluctuating - Correct Answer-Rising
The owner of which of the following products is most exposed to inflationary
risk?
,FINRA SIE Practice Exam Questions & Answers
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A) Utility Stocks
B) Treasury Bills
C) Treasury bonds
D) Blue chip industrials - Correct Answer-Treasury Bonds
Which of the following outcomes are possible for the writer of a covered call
option?
A) Profit limited and loss limited
B) Profit limited and loss unlimited
C) Profit unlimited and loss limited
D) Profit unlimited and loss unlimited - Correct Answer-Profit limited and loss
limited
Under SEC regulation S-P(Consumer Privacy) which of the following information
must a firm
include in its customer privacy and opt-out notices?
A) The address of the firms website
, FINRA SIE Practice Exam Questions & Answers
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B) The fee to opt out from the privacy program
C) The deadline by which to opt out from the privacy program
D) The policies to protect the security of nonpublic information - Correct
Answer-The policies to
protect the security of nonpublic information
The last transaction in XYZ 5.50's 2030 was at 102. This bond is selling at:
A) Par
B) A premium
C) A discount
D) asset value - Correct Answer-A premium
Broker-Dealer ABC seeks to underwrite a municipal securities offering by a local
town in which
the mayor is currently seeking re-election. A municipal finance professional who
resides in the
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In a period of low inflation and economic recession, the Federal Reserve is
expected to take
which of the following actions?
A) Decrease Taxes
B) Require banks to increase reserve
C) Buy bonds in the open market - Correct Answer-Buy bonds in the open
market
Under FINRA rules which of the following activities by a registered
representative requires
written notification to her firm?
A) Gambling resulting in winnings in excess of $10,000
B) Driving part time for a transportation network company on weekends
C) Selling non proprietary investment company securities through her firm -
Correct AnswerDriving part time for a transportation network company on
weekends
,FINRA SIE Practice Exam Questions & Answers
100% Verified
FinCEN accomplishes its mission to safeguard the financial system from the
abuses of financial
crime, including terrorist financing and money laundering, by enforcing.
A) SEC regulations
B) The Bank Secrecy Act
C) The Securities Act of 1933
D) The investment Company Act of 1940 - Correct Answer-The Bank Secrecy Act
Call protection is most valuable to a bond owner when bond prices are
generally.
A) Rising
B) Falling
C) Stable
D) Fluctuating - Correct Answer-Rising
The owner of which of the following products is most exposed to inflationary
risk?
,FINRA SIE Practice Exam Questions & Answers
100% Verified
A) Utility Stocks
B) Treasury Bills
C) Treasury bonds
D) Blue chip industrials - Correct Answer-Treasury Bonds
Which of the following outcomes are possible for the writer of a covered call
option?
A) Profit limited and loss limited
B) Profit limited and loss unlimited
C) Profit unlimited and loss limited
D) Profit unlimited and loss unlimited - Correct Answer-Profit limited and loss
limited
Under SEC regulation S-P(Consumer Privacy) which of the following information
must a firm
include in its customer privacy and opt-out notices?
A) The address of the firms website
, FINRA SIE Practice Exam Questions & Answers
100% Verified
B) The fee to opt out from the privacy program
C) The deadline by which to opt out from the privacy program
D) The policies to protect the security of nonpublic information - Correct
Answer-The policies to
protect the security of nonpublic information
The last transaction in XYZ 5.50's 2030 was at 102. This bond is selling at:
A) Par
B) A premium
C) A discount
D) asset value - Correct Answer-A premium
Broker-Dealer ABC seeks to underwrite a municipal securities offering by a local
town in which
the mayor is currently seeking re-election. A municipal finance professional who
resides in the
