Financial responsibil - Study guides, Class notes & Summaries

Series 24 - Financial Responsibility and Net Capital Questions with Correct Answers

Series 24 Financial Responsibility Net Capital Rule Question and answers 100% correct 2024/2025 Series 24 Financial Responsibility Net Capital Rule Clearing Broker-Dealer = $250,000 - correct answer Net Capital Dollar Requirement of Clearing Broker-Dealer Solely sells limited partnerships - correct answer DPP BD $5,000 NC $50,000 - correct answer Net Capital Dollar Requirement of Fully Disclosed Broker Dealer that receives Securities $5,000 - correct answer Net Capital Doll...

©BRAINBARTER 2024/2025 Financial Responsibility (Utah) Exam Questions With 100% Verified Answers Real Estate Trust Account - answerAn *account for holding other people's money that is set up with a state approved depository.* The principal broker is personally responsible for this account and all monies. Trust account is to be non-interest bearing unless the parties agree in writing (wording in the REPC). Broker will have a non-interest bearing trust account and an interest bearing tru...

Deposits - *Must deliver to the broker and deposit earnest money (or any money) into a trust account either*: • within 3 business days or • within 4 calendar days after acceptance as stated in the REPC, or as otherwise noted in the REPC. Broker will have a non-interest bearing trust account and an interest bearing trust account. The interest on the one account will go to the Utah Affordable Housing program. *Must be reconciled monthly* *Unlimited number of trust accounts* Real Estate...

INTERNAL CONTROL OVER FINANCIAL REPORTING & RESPONSIBILITIES OF MANAGEMENT 2022/2023 (CHAMBERLIAN COLLEGE OF NURSING) A forward contract can be used to lock in the ____ of a specified currency for a future point in time. a. purchase price b. sale price c. A or B d. none of the above - ANS--A or B Assume that a bank's bid rate on Swiss francs is $.45 and its ask rate is $.47. Its bidask percentage spread is: a. about 4.44%. b. about 4.26%. c. about 4.03%. d. about 4.17%. - A...

What are the two requirements for a subordinated loan? correct answers It must: - Be in writing for a specified amount of cash or securities - Have at least a one year duration; no prepayment for first year What are the three requirements for a temporary subordinated loan? correct answers - Allowed for a maximum duration of 45 days - No more than three such loans in a 12-month period - Firm's ratio of AI/NC does not exceed 10:1 or its net capital is not below 120% of the minimum When ...

Quiz Week 7 - Financial Responsibility B (H&R Block Budget Challenge)

NY General Adjuster Test (10-70) Questions & Answers 100% Verified Grade A+ Sample Question & Answer: Homeowner policy - Answer - Which personal insurance policy covers w/out endorsement, both personal property & personal liability coverages? a. DP-3 form b. personal articles floater c. homeowner policy d. personal property floater

Class A/B Operator for Underground Storage Tank 1. The Class A and Class B certification must be renewed every:: 5 years 2. UST financial responsibility requirements apply to what?: 600 gallon used oil tank 3. Secondary Containment is required for what?: New UST Systems, Piping in contact with the ground, and Replacement UST 4. A Class A operator shall maintain the records of UST site inspections for a *minimum* of:: 3 years 5. New owners of an existing UST system shall register the UST ...

WGU C720 OA LATEST EXAM REAL EXAM 200 QUESTIONS AND CORRECT VERIFIED ANSWERS Refers to the organizational issue of balancing financial profitability with environmental responsibility - ---ANSWER>>>sustainability Operations managers rarely become involved with worker safety or environmental pollution complaints because such ethical issues are only handled by an organizations legal department. True or False - --- ANSWER>>>False SWOT analysis is used as a ______ tool...