FINRA SIE FINAL EXAM ACTUAL TEST COMPLETE REAL QUESTIONS AND CORRECT DETAILED ANSWERS WITH EXPLANATIONS (100% CORRECT VERIFIED SOLUTIONS)

NURSING MISC784 SIE FINRA Exam Questions and An b b b b b b b



swers 100%Correct/Verified Latest Update 2023/20
b b b b



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The Federal regulatory body that governs the securities industry is: >>>The SE
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C

A fully disclosed BD: >>>is an inducing firm clearing its transactions through
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a carryingfirm
b b




An intermediary between the buy and sell sides of a transaction is know
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n as >>>aclearing agent
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For the Depository Trust and Clearing Corporation (DTCC), all of the followin
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g are trueEXCEPT:
b b b




a. itbisbabmemberbofbthebFederalbReservebSystem

b. Itbactsbasbabretailbbankbservicingbsavingsbandbcheckingba

ccountsc. it serves for the purpose of providing custody of
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securities
d. it is a worldwide clearing agent >>>b. it acts as a retail bank servicing sa
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vings andchecking accounts
b b b




Your BD acts as a prime broker for an institutional account. In this arrangeme
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nt, your BD is likely to be providing which of the following services? >>>cleari
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ng and transactionsettlement services for executing brokers
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NURSING MISC784 SIE FINRA Exam Questions and An b b b b b b b



swers 100%Correct/Verified Latest Update 2023/20
b b b b



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,NURSING MISC784 SIE FINRA Exam Questions and An b b b b b b b



swers 100%Correct/Verified Latest Update 2023/20
b b b b



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An individual or institution willing to hold securities positions in its own propri
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etary account for the purpose of providing liquidity to the marketplace is >>>a
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market maker
b b




An entity such as a corporation wishing to offer securities for sale to the pu
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blic for thepurpose of raising capital is >>>an issuer
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A nonprofit organization requiring members to pay assessments into a gener
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al insurance fund used to meet customer claims in the event of a BD bankrupt
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cy is >>>theSecurities Investors Protection Corporation (SIPC)
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The FDIC provides insurance guaranteeing the safety of a depositor's account
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s in FDICmember banks for each deposit up to: >>>$250,000
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Determining monetary policy and taking actions to implement those policies is t
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heresponsibility of >>>the Federal Reserve Board (FRB)
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The Magnolia Steel Corporation needs to build a refinery plant. It is estimated t
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o cost
b



$750 million to complete. What market can be used to raise the money neede
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d to buildthe new plant? >>>Secondary Market
b b b b b b b




NURSING MISC784 SIE FINRA Exam Questions and An b b b b b b b



swers 100%Correct/Verified Latest Update 2023/20
b b b b



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,NURSING MISC784 SIE FINRA Exam Questions and An b b b b b b b



swers 100%Correct/Verified Latest Update 2023/20
b b b b



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When securities are sold to the investing public in what are known as iss
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uertransactions, the transactions are being done in: >>>the primary mar
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ket


If an investment company bought stock directly from a bank, bypassing
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anyintermediary or broker, this trade took place in >>>the fourth market
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Which of the following statements regarding the third market is TRUE?
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a. it refers to trading of unlisted stocks directly between institutional i
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nvestorsb. the services of a broker acting as an agent or intermediar
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y are not used
b b b



c. It is composed of listed securities traded OTC
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d. it is composed only of unlisted securities >>>c. It is composed of listed sec
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uritiestraded OTC b b




An investor enters an order to purchase shares of XYZ stock. Another invest
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or enters an order to sell XYZ stock. These two orders meet on the floor of a
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US Stock Exchangewhere they are executed. This transaction too place in: >
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>>the secondary market b b




Assuming all other factors to remain constant, an increase in imports would mo
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st likelycause GDP to >>>decrease
b b b b b




NURSING MISC784 SIE FINRA Exam Questions and An b b b b b b b



swers 100%Correct/Verified Latest Update 2023/20
b b b b



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, NURSING MISC784 SIE FINRA Exam Questions and An b b b b b b b



swers 100%Correct/Verified Latest Update 2023/20
b b b b



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Which state of the business cycle is characterized by rising interest rates and
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higherwages? >>>Expansion
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An economic environment with little or no economic growth, but where i
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nflation ispresent, is best described as >>>Stagflation
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It is generally agreed that the two primary policies impacting the U.S. econo
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my are fiscal and monetary. Which of the following would be considered tools
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of fiscal policy?
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I. GovernmentbSpending

II. OperationsbofbthebFederalbOpenbMarketbCommitteeb(

FOMC)III. Changing the reserve requirements
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IV. Taxation >>>Government Spending and Taxation
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Which of the following is added to M2 to arrive at M3? >>>$100,000 and l
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arger timedeposits b b




Which of the following actions of the Federal Reserve Board (FRB) would li
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kely havethe effect of causing interest rates to increase?
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NURSING MISC784 SIE FINRA Exam Questions and An b b b b b b b



swers 100%Correct/Verified Latest Update 2023/20
b b b b



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