Series 65 Practice Test 10 || All Questions Answered Correctly.
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Module
Series 65 Practice
Institution
Series 65 Practice
Which of the following statements is TRUE regarding digital assets? correct answers 1.) Some digital assets are securities
2.) All digital assets are securities
3.) Digital assets are exempt from anti-fraud provisions
4.) Digital assets are exempt from registration with state Admin.
Exp...
which of the following statements is true regardin
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Series 65 Practice Test 10 || All Questions Answered
Correctly.
Which of the following statements is TRUE regarding digital assets? correct answers 1.) Some
digital assets are securities
2.) All digital assets are securities
3.) Digital assets are exempt from anti-fraud provisions
4.) Digital assets are exempt from registration with state Admin.
Explanation: Answer is A. Some digital assets are securites. Digital assets must meet four part
Howey Test to meet definiton of security
All of the following are examples of digital assets, EXCEPT: correct answers 1.) Cryptocurrency
2.) Blockchains
3.) NFTs
4.) Stable coins
Explanation: Answer is B
Which of the following is a precursor to inflation? correct answers 1.) Decreasing supply costs
2.) High unemployment
3.) Low unemployment
4.) Tight monetary policies
Explanation: Answer is C
All of the following investments are permitted in a 401k plan, EXCEPT: correct answers 1.)
Shares of ETFs
2.) Mutual Fund Shares
3.) Employer's stock
4.) Real Estate
Explanation: Answer is D
,Which of the following is the BEST explanation of the difference between progressive and
regressive taxes correct answers 1.) Regressive taxes will result in lower income individuals
paying proportionately more in tax than higher income individuals
2.) Regressive taxes assess higher marginal rates on lower income individuals
3.) Progressive taxes assess the same tax rate for all taxpayers
4.) Progressive taxes assess higher rates on lower income individuals
Explanation: Answer is A
What's the difference between quantitative and qualitative analysis? correct answers 1.)
Qualitative analysis relies on metrics that are able to be counted or measured
2.) Qualitative analysis relies on descriptive judgements rather than objective measurements
3.) Quantitative analysis is the only method thats approved by the prudent investor standard
4.) Quantitative analysis often uses narratives, while qualitative analysis does not
Explanation: Answer is B
What's a domestic settlements agreement? correct answers 1.) A power of attorney that gives an
IA discretionary powers over a clients account
2.) A legal arrangement which authorizes the State Admin. to receive non-criminal legal
complaints on a registrant's behalf
3.) A legal contract between 2 parties which outlines the obligations to one another after
dissolution of a legal arrangement
4.) A legal contract that permits several individuals to act as one entity to achieve a desried
business objective
Explanation: Answer is C
Which of the following is the BEST definition of a Will? correct answers 1.) A power of attorney
that permits an executor to immediately dispose of assets
2.) A power of attorney that empowers a US attorney to dispose of assets during liquidation
3.) A legal contract between 2 parties which outlines the obligations to one another after
dissolution of a legal arrangement
, 4.) A legal contract which coordinates the distribution of assets and other legal matters after an
individual dies
Explanation: Answer is D
How is a corporation permitted to borrow from a bank? correct answers 1.) THrough a revolving
credit facility
2.) By issuing preferred stock
3.) By issuing bonds
4.) Through credit cards
Explanation: Answer is A
Which of the following is an advantage of investing in real estate correct answers 1.) Large
capital expenditures
2.) Tax deductions
3.) Lower volatiltiy
4.) Loss of liquidity
Explanation: Answer is B
When reviewing soft dollar arrangements, what's a fund manager required to do? correct answers
1.) Disclose the conflict of interest with the SEC or Admin.
2.) Confirm that the term of the contract with the broker-dealer doesn't exceed 36 months
3.) Ensure that the added benefits justify the larger commissions and fees paid by the adviser's
clients
4.) Waive its fiduciary responsibility before entering the contract
Explanation: Answer is C
An individual currently has $100 to invest. She has calculated that the future value of her
investment will be either $130 under favorable market conditions or $80 under unfavorable
market conditions. Which of the following statements about the investor's future projections is
TRUE? correct answers 1.) If market conditions are favorable, the investor will have a $20 gain
2.) The discount rate must be the same for both the favorable and unfavorable market conditions
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