Verifie answers Study guides, Class notes & Summaries

Federal Reserve Board : 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 : FINRA oversees brokerage firms and their associated persons. MSRB- regulates the municipal securities market including dealers, municipal advisers, and issuers. Municipal Securities Rulemaking Board Structure of the Fed : The Board of Gover...

What is cost basis? A The original purchase price plus any transaction costs B The transaction charges affiliated with the purchase of any security C The net after-tax purchase price per share of common stock D The amount of any gain or loss if a different transaction had occurred : A. The original purchase price plus any transaction costs Which of the following corporate securities carries the greatest risk to the investor? A Commercial paper B Common stock 2 | P a g e C Prefer...

A corporation can avoid registration requirements in the issuance of securities by engaging in a price placement under : Regulation D All of the Following are difference between qualified and non qualified retirement plans EXCEPT : - IRS approval requirement - TAXATION ON ACCUMULATION - Taxation on withdrawals - Taxation on contribution The term for active stock that represents the number of shares owned by the public is : Outstanding stock All of the following are characteristics o...

If interest Rates fall the issuer will most likely call which bonds first? : High Dividend Rate preferred issues trading at a premium What are some actions by a corporation will affect an individuals common shareholder's equity : Conversion of convertible preferred stocks or bond Repurchase of common shares Issuance of additional common shares (Stock splits do not effect shareholders equity but it must be voted on because it effects Par Value) Benefits to a Convertible stock compar...

TCFP Exam Questions and Answers 2023/2024 Verified Answers

When is interest on Treasury notes paid? A.) Quarterly B.) Semiannually C.) Annually D.) At maturity : 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 : A.) 30/360 2 | P a g e 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 intermedia...

Director of National Intelligence (DNI)/ODNI : Serves as head of the Intelligence Community Director of National Intelligence (DNI)/ODNI : Principle advisor to the President, NSC, and Homeland Security Council on intelligence matters related to national security Director of National Intelligence (DNI)/ODNI : Oversees and directs the implementation of the National Intelligence Program (NIP) and the execution of the NIP budget 2 | P a g e Director of National Intelligence (DNI)/ODNI : ...

a company announces a tender offer to its shareholders with the intent to buy a maximum of 1 million shares of its outstanding stock at $10 per share and sets no minimum of shares to be purchased. An investor wants to participate in this offer and tenders his 1000 share position. At the close of the offer period, only 900,000 shares have been tendered. How many, if any, of the investor's shares will the company purchase? a. 0 b. 100 c. 900 d. 1000 : 1000 Company ABC announces a ...

The primary purpose of a syndicate desk in the context of an equity offering is to: A. determine the list of selling shareholders B. build an order book and allocate the stock C. solicit interest from investors in the stock offering D. chaperone company management during the road show : B 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. raise the federal funds rate C. buy bonds in the open...

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 : Buy bonds in the open market Under FINRA rules which of the following activities by a registered representative requires written notification to her firm? A) Gambling resulting in winnings in excess of $10,000 B) Driving part time for a transportation network company on w...