Finra SIE Exam 2024 Questions & Answers 100% Correct!!
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Module
Finra SIE
Institution
Finra SIE
Exempt Securities from SEC Registration - ANSWER-securities listed by the U.S. or federal agencies
-Municipal Bonds
-Securities issued by banks, savings institutions and credit unions
-Public
utility stocks or bonds
-Securities issued by religious, educational or nonprofit organizations
-N...
Finra SIE Exam 2024 Questions &
Answers 100% Correct!!
Exempt Securities from SEC Registration - ANSWER-securities listed by the U.S. or federal agencies
-Municipal Bonds
-Securities issued by banks, savings institutions and credit unions
-Public
utility stocks or bonds
-Securities issued by religious, educational or nonprofit organizations
-Notes, bills of exchange, bankers acceptances and commercial paper with an initial maturity of 270
days or less
-Insurance policies and fixed annuities
Exempt Transactions from SEC Registration - ANSWER-Intrastate offerings (required at state level)
-Regulation A offerings (<$5m within 12 mo. period)
-Regulation D offerings (aka private placement) (no more than 35 unaccredited investors per year)
T-Bills - ANSWERMaturity: 4-52 weeks
Issued at a discount and matures at par. Difference between purchase price and par is considered
interest.
T-Notes - ANSWERMaturity: 2-10 years
Pays interest semi-annually
Considered Intermediate
T-Bonds - ANSWERMaturity: 30 years
Pay interest semi-annually
T-STRIPS - ANSWERMaturity: 6 months to 30 years
, Issued at a discount and mature at par
FCS - ANSWER(Farm Credit System)
-Lending institutions that provide financing to farmers.
-Sells securities and loans it to farmers
SLMA - ANSWER(Student Loan Marketing Association)
-Provides a secondary market for student loans
-Purchases student loans and sells them as short and medium debt securities to investors
Repurchase Agreements - ANSWERshort-term sales of government securities (usually t-bills) with an
agreement to repurchase the securities at a higher price
Corporate Commercial Paper - ANSWER-Unsecured corporate debt
-Issued at discount and matures at par
-Matures at 270 days or less
-Exempt from SEC registration
Eurodollars - ANSWERUS dollars deposited in foreign banks outside the United States
Banker's Acceptance (BA) - ANSWER-a short term credit investment created by a company whose
payment is guaranteed by a bank.
-used for importing/exporting
G.O. Bonds - ANSWER-Municipal bonds that are backed by the "full faith and credit" (tax power) of
the issuer.
-Require voter approval
-Higher ratings and lower yields than revenue bonds
IDR (Industrial Development Revenue Bond) - ANSWER-Backed by lease payments made by
corporation
-credit rating derived from credit rating of the corporation
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