Exam (elaborations)
Series 65 practice test 1 Questions with Correct Answers
- Course
- Institution
Series 65 practice test 1 Questions with Correct Answers
[Show more]
Content preview
Series 65 practice test 1 Questions with Correct Answers1. Which of the following is a notice made in the financial press that
formally announces a particular transaction, such as an IPO for stock
placement?
A. Omitting prospectus
B. Preliminary prospectus
C. Red herring
D. Tombstone ad Correct Answer-1. D.
The tombstone ad is a notice made in the financial press that formally
announces a particular transaction, such as an IPO or stock placement.
2. One of the following is/are correct regarding stock splits in reverse
stock splits?
(1) a three for one stock split will decrease a stock's market price per
share
(2) a reverse stock split is intended to increase a stock's market price per
share
A. (1) only
B. (2) only
C. Both (1) and (2) are correct
D. Neither (1) or (2) are correct Correct Answer-2. C
Both (1) and (2) are correct.
1) a three for one stock split will decrease a stock's market price per
share
,2) a reverse stock split is intended to increase a stock's market price per
share
3. Which of the following is the minimum denomination that of treasury
notes that can be purchased by an investor?
A. $50.00
B. $100
C. $1000
D. $10,000 Correct Answer-3. B
Treasury notes are sold in minimum denominations of $100
4. The statement of cash flows is separated into all but which of the
following categories?
A. Cash flow from financing activities
B. Cash flow from income activities
C. Cash flow from investing activities
D. Cash flow from operating activities Correct Answer-4. B
The statement of cash flows a separate into the following three
categories: cash flow from finance activities, cash flow from investing
activities, and cash flow from operating activities.
5. Which are the following are permitted investment in an IRA?
(1) real estate
(2) money market funds
(3) common stock
,(4) bond funds
A. Three and four only
B. 1, 2 and three only
C. 2, 3 and four only
D. All of the above are correct Correct Answer-5. D
IRAs may invest in all four types of investments, including real estate
investment trusts (REIT)
6. Which of the following statements describes a typical whole Life
Insurance policy?
(1) The premiums must be paid for the insured's entire lifetime or for a
period of at least 10 years.
(2) The cash value cannot be used as collateral for a loan.
(3) The difference between a policy's face amount in the reserve must be
greater than the cash surrender value at all times.
(4) The cash value must equal the face amount of coverage by the end of
the mortality table.
A. Four only
B. Two and three only
C. One, two and three only
D. All of the above are correct Correct Answer-6. A
The cash value of a whole Life Insurance policy must equal the face
amount of coverage by the end of the mortality table.
, 7. Which of the following is cracked regarding a mutual funds turnover
rate?
A. The higher the turnover rate, the less effcient the mutual fund will be.
Therefore, funds with high turnover rates are best positioned in taxable
accounts.
B. The higher the turnover rate, the more effcient the mutual fund will
be. Therefore, funds with low turnover rates are best positioned in tax
deferred accounts.
C. The higher the turnover rate, the last effecient the mutual fund will
be. Therefore, funds with high to ever rates are best positioned in tax
deferred accounts.
D. None of the above are correct. Correct Answer-7. C.
The higher the Turner rate, the less tax effecient the mutual fund will be.
There for funds with a high turnover rate her best positioned in tax
deferred account.
8. If an RIA has between ____________ and ___________of assets
under management, the RIA may register with either date applicable
state(s) where the RIA maintains clients or the SEC, at the RIA's
discretion.
A. $10,000,000, $100,000,000
B. $25,000,000, $100,000,000
C. $50,000,000, $150,000,000
D. $100,000,000, $200,000,000 Correct Answer-8. B
If an RIA has between 25,000,001 $100,000,000 of assets under
management, the RIA may register would either the applicable state(s)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now