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

STC SIE Exam Final Practice Questions
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STC SIE Exam Final Practi
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ce Questions
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, STC SIE Exam Final Practice Questions
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1. Which of the following statements is TRUE concerning periodic payment var
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iable annuities?
b




A. A client's number of annuity units never changes
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B. A client's number of accumulation units never changes
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C. Annuity contracts never have a beneficiary
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D. The monthly payout is fixed by the inflation index: A. A client's number of ann
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uity units never changes
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2. Which of the following securities would be subject to federal securities regis
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tration requirements?
b




A. Securities offered through a private placement
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B. GNMA securities b




C. Municipal bonds b




D. Mutual fund shares: D. Mutual fund shares
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, STC SIE Exam Final Practice Questions
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Mutual fund shares would be subject to registration requirements at the state and fed
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eral level. The other securities are exempt from federal and state registration require
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ments.

3. Which of the following is the likely result of persistent deflation?
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A. A decrease in interest rates
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B. A decrease in the level of inflation
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C. A decrease in bond prices
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D. An increase in the value of equities: A. A decrease in interest rates
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4. Which of the following statements is NOT TRUE about a fidelity bond?
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A. It protects customers in the event their broker-dealer goes bankrupt.
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B. It's insurance that protects a broker-
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dealer in case of fraud such as forgery or counterfeit currency.
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, STC SIE Exam Final Practice Questions
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C. FINRA must be notified if the bond is cancelled or substantially modified.D.
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It covers securities that are held at the brokerage firm as well as those in tra
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nsit.: A. It protects customers in the event their broker-dealer goes bankrupt.
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A fidelity bond does not protect customers in the event of broker-
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dealer bankruptcy; that's the role of SIPC.
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5. If a market maker has a current quote of 50.00 -
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b 50.05 (15 x 20), this indicates that the firm is willing to:
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A. Sell 200 shares at $50.00 and buy 150 shares at $50.05
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B. Buy 150 shares at $50.00 and sell 200 shares at $50.05
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C. Sell 1,500 shares at $50.00 and buy 2,000 shares at $50.05
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D. Buy 1,500 shares at $50.00 and sell 2,000 shares at $50.05: D. Buy 1,500 shar
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es at $50.00 and sell 2,000 shares at $50.05
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