100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FINRA Practice Exam Questions and Answers | 100% Correct | Verified and Updated CA$18.00   Add to cart
Quickly navigate to
Preview
  2.  
  3. Sie
  4.  
  5. Sie

Exam (elaborations)

FINRA Practice Exam Questions and Answers | 100% Correct | Verified and Updated
 7 views  0 purchase
  • Course
  • Sie
  • Institution
  • Sie

FINRA Practice Exam Questions and Answers | 100% Correct | Verified and Updated A savings account at a bank is guaranteed by which of the follow entities? A) FDIC B) SIPC C) FED RES D. Department of the treasury ️️ Correct-A A firm is a participant in a public offering. To sell a Subst...

[Show more]

Preview 4 out of 123  pages

Document information

  • September 25, 2024
  • 123
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • finra practice exam questions and answers 100 c

Written for

  • Sie
  • Sie

Seller

avatar-seller
EmillyCharlotte

Reviews received

Content preview

TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

FINRA Practice Exam Questions and
Answers | 100% Correct | Verified and
Updated

A savings account at a bank is guaranteed by which of the follow entities?



A) FDIC

B) SIPC

C) FED RES

D. Department of the treasury


✔️✔️Correct-A

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.



A. Prohibited as fraudulent and manipulative

B. Permissible if the securities are deposited into escrow

C. Prohibited unless the firm immediately sets aside funds for the repurchase

D. Permissible if the customers retain the right to sell the securities into the open market

✔️✔️Correct-A



1/123

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
The computation of dollar prices and accrued interest on municipal bonds is normally on

what calendar basis?

A. 30/360

B. 30/365

C. Actual 360

D. Actual 365

✔️✔️Correct-A

Which of the following comparisons BEST describes the essential difference between a

primary distribution and a secondary distribution?



A. A primary distribution can only be made for equity issues while a secondary

distribution can be made for both equity and debt issues

B. A primary distribution can only be made of issues that exceed a specified dollar

amount while a secondary distribution can be made for issues of all sizes

C. A primary distribution must be made at a fixed public offering price (POP) while a

secondary distribution must be made at the current market price

D. A primary distribution involves a sale of newly issued shares by the issuer while a

secondary distribution involves the sale of already issued and outstanding shares.

✔️✔️Correct-D

Which of the following investments are generally traded according to their average life

rather than their stated maturity dates?


2/123

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
A. Corporate bonds

B. Government bonds

C. Assets-backed securities

D. Fixed-rate capital securities

✔️✔️Correct-C

Under normal circumstances, a customer's letter of intent on a mutual fund purchase is

valid for what maximum period of time?

A. 3 months

B. 6 months

C. 13 months

D. 24 months

✔️✔️Correct-C

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?



A. $3

B. $32

C. $35

D. $38

✔️✔️Correct-D


3/123

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Which of the following form U4 reportable events results in a statutory disqualification?



A. A personal bankruptcy filing

B. A written customer complaint alleging misappropriation of assets

C. A felony theft charge

D. A felony conviction for a driving under the influence (DUI) charge

✔️✔️Correct-D

To offer its shareholders a privilege to obtain its shares at a fixed price, which of the

following products does a corporation issue?

A. Puts

B. Rights

C. Futures

D. Preferred Stock

✔️✔️Correct-B

When a broker-dealer charges a commission on a securities transaction, it has acted

as:

A. an agent

B. a principal

C. an underwriter

D. a market maker

✔️✔️Correct-A


4/123

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$18.00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

71498 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

AZ 104 RENEWAL EXAMS QUESTIONS AND ANSWERS

CA$18.00
  • (0)
  Add to cart