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Series 65 Exam FX readiness exam well answered to pass
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Series 65 Exam FX readiness exam well answered to pass
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Series 65 Exam FX readiness examIf a customer enters a sell stop order at 50 and the market trades that follow are 52,51,50,49, and 48,
the order will most likely be executed at - correct answer ✔✔49
To find future value, all of the following info is needed except the - correct answer ✔✔Rate of inflation
Certificates of deposit sold by banks have all of following features Except - correct answer
✔✔Marketability
If interest rates in the economy go up, the yields on outstanding debt will do which of the following? -
correct answer ✔✔Go up
Under the Uniform Securities Act, which of the following would be considered to be a nonexempt
security? - correct answer ✔✔A limited partnership unit
An open order to buy at a specified price or lower is a - correct answer ✔✔Buy limit
Which of the following must be done in a margin account? - correct answer ✔✔II & IV
The estate tax exclusion is an amount that - correct answer ✔✔The estate does not have to pay taxes on
If interest rates in the economy go up, what will happen to yields on outstanding bonds? - correct
answer ✔✔Go up
A mutual funds 12b-1 fee is an ongoing expense of the find paid by the fund - correct answer
✔✔Shareholders
On a corp balance sheet, the formula "current assets minus current liabilities" may be used to find -
correct answer ✔✔Working capital
,What is the best definition of a benchmark portfolio? - correct answer ✔✔A predeterminded set of
securities used to compare the peformance of an actual portfolio
Which of the following orders may be filled without discretionary authority from a customer whenever
the investment adviser rep thinks it's best? - correct answer ✔✔Buy 100 share of a particular stock
All of the following are true regarding business entities EXCEPT - correct answer ✔✔A sole
proprietorship may be owned by more that one person
The term broker/dealer includes - correct answer ✔✔I and III
All are characteristics of ADRs EXCEPT - correct answer ✔✔An ADR represents share of a US company
trading on a foreign exchange
All of the following are considered to be derivatives EXCEPT - correct answer ✔✔Unit Investment Trusts
Under ERISA, certain transactions are prohibited in order to prevent dealing with.. - correct answer
✔✔I,II,III, and IV
Under the Uniform Securities Act, the state administrator has authority over a federal covered adviser in
which of the following areas? I. Books and records; II. Financial reporting; III. Anti-fraud rules; IV. Notice
filings - correct answer ✔✔III and IV
If the dollar depreciates, which of the following would benefit? - correct answer ✔✔United States
exporters
If an adviser has custody of a clients securities or funds, the adviser must provide for all of the following
EXCEPT - correct answer ✔✔Send a list of all funds and securities held annually to the SEC or the
Administrator
On Stock, the record date is the date which - correct answer ✔✔A shareholder must own a stock in
order to be entitled to a dividend
,Which of the following is NOT considered to be a fiduciary on a corporate pension plan? - correct answer
✔✔The plans CPA
The Sharpe ratio is a measurement of - correct answer ✔✔The relationship of reward to risk
If the yield curve is negative, interest rates on long term bonds - correct answer ✔✔Declined
A husband and wife are the grantors and trustees of a revocable trust. If the husband dies, the securities
held in the trust - correct answer ✔✔Must stay in the trust for the benefit of the beneficiaries
Retained earnings are also known as - correct answer ✔✔Undistributed net income
From a company's income statement, it is NOT possible to learn which of the following? - correct answer
✔✔Working Capital
An underwriter is a broker/dealer who does all of the following EXCEPT - correct answer ✔✔Makes
trades in the secondary market on a commission basis
A municipal bond was issued in the customer state of residency with a par value of $1,000 and a nominal
rate of 6.5%. IF the investor... - correct answer ✔✔6.5%
Investment advisers may base their compensation upon - correct answer ✔✔The total value of the
assets under management on the day after the fiscal year end.
What type of retirement plan requires employer contributions? - correct answer ✔✔Defined benefit
Which is NOT an asset class that is used in determining the allocation of a portfolio? - correct answer
✔✔Options
An investment adviser recommends securities and receives compensation based on both a fee for -
correct answer ✔✔I, II, and III
, IARs do all of the following EXCEPT - correct answer ✔✔Perform only clerical acts on behalf of an IA
Which federal law primarily regulates the activities of exchanges, transfer agents, broker/dealers, and
registered reps? - correct answer ✔✔Securities Exchange Act of 1934
Parents want to invest $10,000 in a mutual fund on behalf of their child. The timing of their investment
could be affected by all of the following EXECPT - correct answer ✔✔The funds expense ratio
What trades in the foreign exchange market? - correct answer ✔✔Currencies
Which of the following bonds has the most interest rate risk? - correct answer ✔✔A 0% 20 year corp
bond selling at par
Investing without regard to high or low values of the stock during the year is a characteristic of - correct
answer ✔✔Fundamental investing
Under the uniform securities act (USA), broker/dealer firms seeking to register in this state must disclose
which of the following? - correct answer ✔✔Orders issued by other state
Under NASAA's model rules regarding custody, an IA would be considered to have custody if they act... -
correct answer ✔✔I,II,III, and IV
Which of the following does NOT meet the definition of "providing investment advice incidental to
normal business practices" outlined in SEC release IA-1092? - correct answer ✔✔Management
consultant who tells a couple of small business clients who had invested their surpluses in speculative
securities..
Under the uniform securities Act, a registration statement filed with the Administrator to register new
securities by coordination becomes effective - correct answer ✔✔Simultaneously with the federal
registration if all condition are satisfied
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