FINRA SIE Practice Exam Questions & Answers(RATED A)
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Course
FINRA SIE
Institution
FINRA SIE
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...
FINRA SIE Practice Exam Questions &
Answers(RATED A)
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/365 - ANSWER A.) 30/360
Which of the following security types provides investors with a stated maturity date, a
floating interest rate, and an option to put the security back to a financial intermediary
on a daily or weekly basis?
A.) Equity put option
B.) Perpetual preferred stock
C.) Variable rate demand note
D.) Tax-deferred variable annuity - ANSWER C.) Variable rate demand note
Which of the following products is adversely impacted if the issuer's credit rating is
downgraded?
A.) Mutual funds
B.) Unit Investment Trusts (UITs)
C.) Exchange-traded funds (ETFs)
D.) Exchange-traded notes (ETNs) - ANSWER D.) Exchange-traded notes (ETNs)
Which of the following Form U4 reportable events results in a statutory disqualification?
A.) A personal bankruptcy filing
B.) A written customer complaint alleging misappropriation of assets
C.) A felony theft charge
D.) A felony conviction for driving under the influence (DUI) charge - ANSWER D.) A
felony conviction for driving under the influence (DUI) charge
, Which of the following statements is true regarding a customer account held as tenants
in common?
A.) The owners must equally share the assets
B.) The ownership of the decedent's assets is governed by their will or state law
C.) Tenants in common is permitted for use only for two individuals
D.) Tenants in common is permitted for use only for married couples or family members
- ANSWER B.) The ownership of the decedent's assets is governed by their will or state
law
Which of the following outcomes are possible for the writer of a covered call option?
A.) Profit limited and loss limited
B.) Profit limited and loss unlimited
C.) Profit unlimited and loss limited
D.) Profit unlimited and loss unlimited - ANSWER A.) Profit limited and loss limited
Which of the following statements is true about all U.S. government agency issues?
A.) They are exempt from federal taxes
B.) They are exempt from registration under the Securities Act of 1933.
C.) They are issued in the bearer form only
D.) They are general obligations of the federal government - ANSWER B.) They are
exempt from registration under the Securities Act of 1933.
Under industry regulations, an initial purchase of $3,000 of common stock in a margin
account requires a cash deposit of:
A.) $750
B.) $1,500
C.) $2,000
D.) $3,000 - ANSWER C.) $2,000
Blue-sky laws are regulated by which of the following entities?
A.) SEC
B.) MSRB
C.) FINRA
D.) State securities regulators - ANSWER D.) State securities regulators
Call protection is most valuable to a bond owner when bond prices are generally:
A.) Rising
B.) Falling
C.) Stable
D.) Fluctuating - ANSWER A.) Rising
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