Exam (elaborations)

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Uploaded on November 25, 2024
Number of pages 360
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

Institution SIE FINRA .
Course SIE FINRA .

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Page 1 of 360

SIE FINRA EXAM VERSION A, B & PRACTICE EXAM
LATEST UPDATE THIS YEAR ALL 600 QUESTIONS
AND CORRECT DETAILED ANSWERS - JUST
RELEASED

SIE FINRA EXAM A

QUESTION: A customer has a crash balance in her account together with long positions in

several securities. She has made no securities transactions in the account during the past 18
months. How often must the firm send her an account statement?

A. Monthly

B. Quarterly

C. Seminannually

D. Annually - ANSWER-B. Quarterly

QUESTION: FinCEN accomplishes its mission to safeguard the financial system from the abuses
of financial crime, including terrorist financing and money laundering, by enforcing:

A. SEC regulations

1

,Page 2 of 360

B. The Bank Secrecy Act

C. The Securities Act of 1933

D. The Investment Company Act of 1940 - ANSWER-B. The Bank Secrecy Act

QUESTION: Which of the following investment risks is the greatest risk in a variable life
insurance policy?

A. Credit Risk

B. Market Risk

C. Inflation Risk

D. Interest Rate Risk - ANSWER-B. Market Risk

QUESTION: Which of the following considerations should a registered representative explain to
a customer when recommending a 529 college savings plan?

A. The potential deductibility of contributions from state taxes

B. The potential deductibility of contributions from federal taxes

C. The income eligibility restrictions to contribute to the account

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,Page 3 of 360

D. The rights of the account beneficiary to the assets at the age of majority - ANSWER-A. The
potential deductibility of contributions from state taxes

QUESTION: An investor owns 100 shares of XYZ common stock at the current market price of
$50 per share. If XYZ conducts a 1-for-2 reverse stock split, the investor's post-split stock
position will be:

A. 50 shares at $25 per share

B. 50 shares at $100 per share

C. 200s shares$25 per share

D. 200 shares at $100 per share - ANSWER-B. 50 shares at $100 per share

UTMA Accounts are opened under the tax ID of the:

A. Minor

B. Donor

C. Parent

D. Custodian - ANSWER-A. Minor

3

, Page 4 of 360

QUESTION: A customer buys 1 ABC Jan 35 put for a premium of $3 and simultaneously buys 100
shares of ABC stock for $35 per share. The customer will break even when the stock is selling at
what price per share at expiration?

A. $3

B. $32

C. $35

D. $38 - ANSWER-D. $38

QUESTION: The owner of which of the following products is MOST exposed to inflationary risk?

A. Utility Stocks

B. Treasury bills

C. Treasury Bonds

D. Blue Chip Industrials - ANSWER-C. Treasury bonds

QUESTION: If a market maker posts a quote of 10.00 - 10.10 [25x10], which of the following
actions is the market maker willing to take?

4

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Exam (elaborations)

SIE FINRA EXAM VERSION A, B & PRACTICE EXAM LATEST UPDATE THIS YEAR ALL 600 QUESTIONS AND CORRECT DETAILED ANSWERS - JUST RELEASED| click on AVAILABLE IN PACKAGE DEAL. You'll get more for less! OR SCROLL TO THE BOTTOM RIGHT CORNER AFTER OPENING THI

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