SIE practice exam questions & answers 2023/2024
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 $10...
SIE practice exam questions & answers
2023/2024
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 the money
supply? - ANSWER-M3
By purchasing shares of stock in a company, investors can benefit from which of the following?
An increase in the price of the shares
An increase in price of the company's debt securities
An increase in the yield of the company's outstanding debt securities
The receipt of profits to be distributed - ANSWER-An Increase in price of shares and The receipts of profit
to be distributed
An offering in which one or more stockholders in the corporation are selling all or a portion of their own
shares to the investing public for the first time is known as - ANSWER-a secondary offering
Which of the following is an example of an unsecured debt security?
Debenture
Preferred stock
Mortgage bond
Income bond - ANSWER-Debenture and Income bond
Mutual funds that market directly to the public, using no underwriter and charging no sales charge, are
called - ANSWER-No load funds
, During the cooling-off period, underwriters of new securities may
accept orders to purchase shares
not accept orders to purchase shares
not accept indications of interest regarding potential purchases of shares
accept indications of interest regarding potential purchases of shares - ANSWER-not accept orders to
purchase shares and accept indications of interest regarding potential purchase of shares
The USA PATRIOT Act's required Customer Identification Program is designed chiefly to prevent
real estate fraud
funding of terrorist activities
use of insider information
money laundering - ANSWER-funding of terrorist activity and money laundering
The firm element of a broker-dealer's continuing education requirement must be undergone by all
registered persons who - ANSWER-have direct contact with the public
An August 15 call is written at 4. The call expires without being exercised by the owner. The writer of the
call - ANSWER-keeps the $400 received when the call was written
A mutual fund can offer all of the following to investors EXCEPT - ANSWER-physical custody of the fund's
portfolio cash and securities
In an LP, which of the following is TRUE? - ANSWER-The partnership entity is not responsible for paying
taxes on gains
MAS Corporation has enjoyed an extremely profitable year. It has been determined that those owning
the MAS 4% preferred, participating to 6% preferred shares, will receive the full participating dividend.
The participating shareholders will receive an additional dividend of - ANSWER-2%
A registered representative has a customer buying securities, but rather than paying in full, the customer
wants to borrow some of the money needed for the purchase from the broker-dealer. It is explained to
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