Roth 401 (k) and Roth individual retirement account (IRA) plans share which of the following features? - ANSWER Qualified distributions are excluded from federal income tax
All of the following risks apply to both foreign and domestic debt instruments except: - ANSWER Exchange
FINRA SIE Practice Questions &
Answers
Roth 401 (k) and Roth individual retirement account (IRA) plans share which of the
following features? - ANSWER Qualified distributions are excluded from federal income
tax
All of the following risks apply to both foreign and domestic debt instruments except: -
ANSWER Exchange
The redemption value of an open-end investment company's shares is based on the: -
ANSWER NAV computed after the order is received
A decline in the gross domestic product (GDP) must last for at least how many quarters
to be considered a recession? - ANSWER 2
A customer buys 1 ABC Jan 35 put for a premium of $3 and simultaneously buys 100
shares of ABC stock for $35 per share. The customer will break even when the stock is
selling at what price per share at expiration? - ANSWER $38
FinCEN accomplishes its mission to safeguard the financial system from the abuses of
financial crime, including terrorist financing and money laundering, by enforcing: -
ANSWER the Bank Secrecy Act
Blue Sky laws are regulated by which of the following entities? - ANSWER State
securities regulators
A RR is reviewing the following portfolio:
- 30% ABC Energy Company
- 30% XYZ Health Care Company
- 30% Exchange-traded fund (tracks the S&P 500)
- 10 % Money Market funds
Which of the following risks is inherent in this portfolio? - ANSWER Nonsystematic
Which of the following investment risks is the greatest risk in a variable life insurance
policy? - ANSWER Market risk
A firm is a participant in a public offering. To sell a substantial amount of the securities
to its customers, the firm agrees to repurchase the shares at no less than the original
sales price. Such agreements are: - ANSWER Prohibited as fraudulent and
manipulative
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