Exam (elaborations)
SIE FINRA Practice Exam 2023 /146 Questions And Answers Graded (A+)
- Module
- SIE FINRA Practice Exam 2023
- Institution
- SIE FINRA Practice Exam 2023
SIE FINRA Practice Exam 2023 /146 Questions And Answers Graded (A+)
[Show more]
Content preview
SIE FINRA Practice Exam 2023 /146 Questions AndAnswers Graded (A+)
Quiz :A married couple who earn over 300,000 currently as well as prior two
years - √Answer :Accredited Investor
Quiz :Which of responses describes an advantage of index funds -
√Answer :The protection of principal during bearish markets
Quiz :Under a system of statutory voting, a common stockholder has as many
votes for each vacancy on the board of directors as the number of: -
√Answer :proxies available for voting by the board
Quiz :Which security types provides investors with a stated maturity date, a
floating interest rate, and an option to put the security back to a financial
intermediary on a daily or weekly basis - √Answer :
Quiz :A member of a stock exchange responsible for providing liquidity in a
security by being willing to buy and sell at all times is known as: - √Answer :a
market maker
, Quiz :An associated person who is not a registered representative is permitted
to engage in which of the following activities - √Answer :Provide account
opening forms to a new customer
Quiz :Under FINRA rules, non-cash compensation connected with the sale of
variable contracts includes all of the following items except: -
√Answer :commissions
Quiz :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
Quiz :To offer its shareholder a privilege to obtain its shares at a fixed price,
which of the following products does a corporation issue? - √Answer :Rights
Quiz :Which of the following outcomes for the writer of a covered call option?
- √Answer :Profit limited and loss limited
Quiz :Stability in the value of a debt portfolio is greatest when: -
√Answer :maturities of the debt securities are short
Quiz :UTMA acounts are opened under the tax ID of the: - √Answer :minor
Quiz :The redemption value of an open-end investment companys shares is
based on the - √Answer :NAV computed after the order is received.
Quiz :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 manipualtive
Quiz :Which of the following statements is true regarding the concept of an
annuity contract? - √Answer :the kind of annuity selected partly determines
the payment amounts to the annuitant
Quiz :A customer is an officer of a company that is involved in some significant
changes. All of the following items are examples of corporate affairs that could
be considered inside information if the customer shares them with his
registered representative except: - √Answer :declared stock dividend
, Quiz :A registered representative is reviewing the folllowing 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
Quiz :A registered representative (RR) wants to participate in a private
securities transaction. Which of the following actions must the RR take? -
√Answer :Send written notice to his supervisor outlining the activity and
compensation structure
Quiz :At issue, which of the following debt securities mature in one year or
less? - √Answer :Money market instruments
Quiz :Which of the following actions is required of a broker-dealer's anti-
money launddering (AML) program? - √Answer :Designating an AML
compliance officer
Quiz :Broker-dealer ABC seeks to underwrite a muncipal securities offering by
a loacl town in which the mayor is currently seeking re-election. A muncipal
finance professional who resides in the town and works for ABC contributed
$2-- to the mayor's re-election campaign 13 months ago. If the employee
wants to support the campaign further without impacting the municipal
securities business of the firm, he is permitted to make an additional
contribution of up to what amount? - √Answer :$50
Quiz :When is interest on treasury notes paid? - √Answer :Semi-Annually
Quiz :A married couple who earned income that exceeded $300,000 in each of
the prior two years and reasonably expects the same for the current year is: -
√Answer :an accredited investor
Quiz :In the event of a stock split, which of the following parties is required to
maintain a record of the shreholders eleigible to receive the addditonal
shares? - √Answer :Transfer agent
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card for the summaries. There is no membership needed.
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 HELLENAH. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £7.55. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83750 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now