FINRA SIE Practice Exam Correct Questions & Answers(GRADED A)COMPLETE EXAM BUNDLEFINRA SIE Practice Exam Correct Questions & Answers(GRADED A)COMPLETE EXAM BUNDLEFINRA SIE Practice Exam Correct Questions & Answers(GRADED A)COMPLETE EXAM BUNDLEFINRA SIE Practice Exam Correct Questions & Answers(GRAD...
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If interest Rates fall the issuer will most likely call which bonds first? - ANSWERSHigh Dividend Rate preferred issues trading at a premium What are some actions by a corporation will affect an individuals common shareholder's equity - ANSWERSConversion of convertible preferred stocks or bond ...
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Add to cartIf interest Rates fall the issuer will most likely call which bonds first? - ANSWERSHigh Dividend Rate preferred issues trading at a premium What are some actions by a corporation will affect an individuals common shareholder's equity - ANSWERSConversion of convertible preferred stocks or bond ...
Section 1: Knowledge of Capital Markets - ANSWERS The SEC purpose/mission when created jurisdiction authority - ANSWERSprotect investos, maintin fair orderly & efficient markets, facilitate capital formation by congress in 1934 US federal government enforce federal security laws & c...
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Add to cartSection 1: Knowledge of Capital Markets - ANSWERS The SEC purpose/mission when created jurisdiction authority - ANSWERSprotect investos, maintin fair orderly & efficient markets, facilitate capital formation by congress in 1934 US federal government enforce federal security laws & c...
Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - ANSWERSStatutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow instit...
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Add to cartWhich corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - ANSWERSStatutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow instit...
What type of risk is unique to a specific industry, business enterprise, or investment type? - ANSWERSNonsystematic risk Under which of the following circumstances is an investor in a position to acquire stock? - ANSWERSBuy a call, sell a call (The holder of a call has the right to buy stock at t...
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Add to cartWhat type of risk is unique to a specific industry, business enterprise, or investment type? - ANSWERSNonsystematic risk Under which of the following circumstances is an investor in a position to acquire stock? - ANSWERSBuy a call, sell a call (The holder of a call has the right to buy stock at t...
If interest Rates fall the issuer will most likely call which bonds first? - ANSWER High Dividend Rate preferred issues trading at a premium What are some actions by a corporation will affect an individuals common shareholder's equity - ANSWER Conversion of convertible preferred stocks or bond...
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Add to cartIf interest Rates fall the issuer will most likely call which bonds first? - ANSWER High Dividend Rate preferred issues trading at a premium What are some actions by a corporation will affect an individuals common shareholder's equity - ANSWER Conversion of convertible preferred stocks or bond...
The redemption value of an open-end investment company's shares is based on the: previous offering price previous closing NAV NAV computed after the order is received offering price computed after the order is received - ANSWER NAV computed after the order is received The computation of do...
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Add to cartThe redemption value of an open-end investment company's shares is based on the: previous offering price previous closing NAV NAV computed after the order is received offering price computed after the order is received - ANSWER NAV computed after the order is received The computation of do...
What is the cost basis of an inherited mutual fund? - ANSWER The net asset value (NAV) of the shares when the owner dies Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer opens and closes which of the following positions - ANSWER the same stock in a cash account ...
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Add to cartWhat is the cost basis of an inherited mutual fund? - ANSWER The net asset value (NAV) of the shares when the owner dies Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer opens and closes which of the following positions - ANSWER the same stock in a cash account ...
Direct Participation Programs (DPPs) provide: - ANSWER exposure to non-correlated assets with steady returns Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer opens and closes which of the following positions? - ANSWER The same stock in a cash account without pay...
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Add to cartDirect Participation Programs (DPPs) provide: - ANSWER exposure to non-correlated assets with steady returns Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer opens and closes which of the following positions? - ANSWER The same stock in a cash account without pay...
An associated person who is not a registered representative is permitted to engage in which of the following? - ANSWER provide account opening forms to a new customer At issue, which of the following debt securities mature in one year or less? - ANSWER money market instruments Direct participa...
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Add to cartAn associated person who is not a registered representative is permitted to engage in which of the following? - ANSWER provide account opening forms to a new customer At issue, which of the following debt securities mature in one year or less? - ANSWER money market instruments Direct participa...
SEC- - ANSWER Securities and exchange commission is the securities industry's primary regulatory body. Which act created the SEC? - ANSWER The securities exchange act of 1934 What is the purpose of registering with the SEC - ANSWER If you conduct securities business with either customers or...
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Add to cartSEC- - ANSWER Securities and exchange commission is the securities industry's primary regulatory body. Which act created the SEC? - ANSWER The securities exchange act of 1934 What is the purpose of registering with the SEC - ANSWER If you conduct securities business with either customers or...
Upon Expiration, all in-the-money S&P 100 Index call options are settled by the delivery of which of the following? - ANSWER Cash Which of the following statements is true about treasury stock? - ANSWER It is issued stock that has been subsequently reacquired by the corporation In the event of...
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Add to cartUpon Expiration, all in-the-money S&P 100 Index call options are settled by the delivery of which of the following? - ANSWER Cash Which of the following statements is true about treasury stock? - ANSWER It is issued stock that has been subsequently reacquired by the corporation In the event of...
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
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Add to cartRoth 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
When is interest on Treasury notes paid? A.) Quarterly B.) Semiannually C.) Annually D.) At maturity - ANSWER B.) Semi-annually 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/...
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Add to cartWhen is interest on Treasury notes paid? A.) Quarterly B.) Semiannually C.) Annually D.) At maturity - ANSWER B.) Semi-annually 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/...
Federal Reserve Board - ANSWER Founded on December 23rd 1913, to oversee financial panics. Independent of direct political influence. Federal Reserve Act was passed to stabilize prices, maximize employment, moderate long term interest. FINRA vs MSRB - ANSWER FINRA oversees brokerage firms and the...
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Add to cartFederal Reserve Board - ANSWER Founded on December 23rd 1913, to oversee financial panics. Independent of direct political influence. Federal Reserve Act was passed to stabilize prices, maximize employment, moderate long term interest. FINRA vs MSRB - ANSWER FINRA oversees brokerage firms and the...
A customer writes an MMM January 70 put at 6. The maximum potential gain on this position is - ANSWER 600 Your customer is long 1 October 75 put at 2. The customer's maximum gain potential is - ANSWER 7300 Large time deposits of more than $100,000 are considered to be found in what part of ...
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Add to cartA customer writes an MMM January 70 put at 6. The maximum potential gain on this position is - ANSWER 600 Your customer is long 1 October 75 put at 2. The customer's maximum gain potential is - ANSWER 7300 Large time deposits of more than $100,000 are considered to be found in what part of ...
In a period of low inflation and economic recession, the Federal Reserve is expected to take which of the following actions? A) Decrease Taxes B) Require banks to increase reserve C) Buy bonds in the open market - ANSWER Buy bonds in the open market Under FINRA rules which of the following...
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Add to cartIn a period of low inflation and economic recession, the Federal Reserve is expected to take which of the following actions? A) Decrease Taxes B) Require banks to increase reserve C) Buy bonds in the open market - ANSWER Buy bonds in the open market Under FINRA rules which of the following...
Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - ANSWER Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow instit...
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Add to cartWhich corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - ANSWER Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow instit...
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...
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Add to cartExempt 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...
Under the Securities act of 1933, registration is required for which of the following securities? A. Eurodollar bonds B. Municipal securities C. American Depositary Receipts (ADRs) D. Securities issued by the federal government - ANSWER C. American Depositary Receipts Which of the following...
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Add to cartUnder the Securities act of 1933, registration is required for which of the following securities? A. Eurodollar bonds B. Municipal securities C. American Depositary Receipts (ADRs) D. Securities issued by the federal government - ANSWER C. American Depositary Receipts Which of the following...
The securities industry's primary regulatory body and created under what act? - ANSWER SEC, Securities Exchange Act of 1934 Function under the SEC's oversight and is accountable to the Commission for enforcing federal securities laws, as well as supervising securities practices within an as...
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Add to cartThe securities industry's primary regulatory body and created under what act? - ANSWER SEC, Securities Exchange Act of 1934 Function under the SEC's oversight and is accountable to the Commission for enforcing federal securities laws, as well as supervising securities practices within an as...
After a registered person resigns or is terminated from a member firm, the firm is required to notify FINRA within: - ANSWER 30 Days. U5. An employee of a broker-dealer has just received a report created by her firm's research department, but the report has not yet been released publicly. I...
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Add to cartAfter a registered person resigns or is terminated from a member firm, the firm is required to notify FINRA within: - ANSWER 30 Days. U5. An employee of a broker-dealer has just received a report created by her firm's research department, but the report has not yet been released publicly. I...
Bid - ANSWER Represents a clients selling price - This is the price at which the MM will buy dealer to dealer markets - ANSWER NASDAQ -Non-physical; phone and computer network - Negotiated market - unlimited number of registered "market makers" -Classified as a securities exchange ...
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Add to cartBid - ANSWER Represents a clients selling price - This is the price at which the MM will buy dealer to dealer markets - ANSWER NASDAQ -Non-physical; phone and computer network - Negotiated market - unlimited number of registered "market makers" -Classified as a securities exchange ...
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