NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
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
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An intermediary between the buy and sell sides of a transaction is known
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z 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:
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a. itziszazmemberzofzthezFederalzReservezSystem
b. Itzactszaszazretailzbankzservicingzsavingszandzcheckingza
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 sav
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ings andchecking accounts
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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 Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
,NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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An individual or institution willing to hold securities positions in its own proprie
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tary account for the purpose of providing liquidity to the marketplace is >>>a
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market maker z
An entity such as a corporation wishing to offer securities for sale to the pub
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lic 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 accounts
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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 to
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$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
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NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
,NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
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 a
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nyintermediary 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 in
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vestorsb. the services of a broker acting as an agent or intermediary
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are not used z z
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 secu
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ritiestraded OTC z z
An investor enters an order to purchase shares of XYZ stock. Another investo
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r enters an order to sell XYZ stock. These two orders meet on the floor of a US
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z Stock Exchangewhere they are executed. This transaction too place in: >>>t
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he secondary market
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Assuming all other factors to remain constant, an increase in imports would mo
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st likelycause GDP to >>>decrease
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NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
, NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
Which state of the business cycle is characterized by rising interest rates and
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higherwages? >>>Expansion z z
An economic environment with little or no economic growth, but where in
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flation ispresent, is best described as >>>Stagflation
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It is generally agreed that the two primary policies impacting the U.S. econom
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y are fiscal and monetary. Which of the following would be considered tools of
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fiscal policy?
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I. GovernmentzSpending
II. OperationszofzthezFederalzOpenzMarketzCommitteez(
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 la
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rger timedeposits
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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 Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
wers 100%Correct/Verified Latest Update 2023/202
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4
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
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An intermediary between the buy and sell sides of a transaction is known
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z 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:
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a. itziszazmemberzofzthezFederalzReservezSystem
b. Itzactszaszazretailzbankzservicingzsavingszandzcheckingza
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 sav
z z z z z z z z z z z z z z z
ings andchecking accounts
z z z
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 Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
,NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
z z z z
4
An individual or institution willing to hold securities positions in its own proprie
z z z z z z z z z z z z
tary account for the purpose of providing liquidity to the marketplace is >>>a
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market maker z
An entity such as a corporation wishing to offer securities for sale to the pub
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lic for thepurpose of raising capital is >>>an issuer
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A nonprofit organization requiring members to pay assessments into a gener
z z z z z z z z z z
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)
z z z z z z z
The FDIC provides insurance guaranteeing the safety of a depositor's accounts
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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
z z z z z z z z z z z
heresponsibility of >>>the Federal Reserve Board (FRB)
z z z z z z z
The Magnolia Steel Corporation needs to build a refinery plant. It is estimated to
z z z z z z z z z z z z z
z cost
$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
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NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
z z z z
4
,NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
z z z z
4
When securities are sold to the investing public in what are known as iss
z z z z z z z z z z z z z
uertransactions, the transactions are being done in: >>>the primary mar
z z z z z z z z z z
ket
If an investment company bought stock directly from a bank, bypassing a
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nyintermediary 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 in
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vestorsb. the services of a broker acting as an agent or intermediary
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are not used z z
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 secu
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ritiestraded OTC z z
An investor enters an order to purchase shares of XYZ stock. Another investo
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r enters an order to sell XYZ stock. These two orders meet on the floor of a US
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z Stock Exchangewhere they are executed. This transaction too place in: >>>t
z z z z z z z z z z z
he secondary market
z z
Assuming all other factors to remain constant, an increase in imports would mo
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st likelycause GDP to >>>decrease
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NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
, NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
Which state of the business cycle is characterized by rising interest rates and
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higherwages? >>>Expansion z z
An economic environment with little or no economic growth, but where in
z z z z z z z z z z z
flation ispresent, is best described as >>>Stagflation
z z z z z z z
It is generally agreed that the two primary policies impacting the U.S. econom
z z z z z z z z z z z z
y are fiscal and monetary. Which of the following would be considered tools of
z z z z z z z z z z z z z
fiscal policy?
z z
I. GovernmentzSpending
II. OperationszofzthezFederalzOpenzMarketzCommitteez(
FOMC)III. Changing the reserve requirements
z z z z z
IV. Taxation >>>Government Spending and Taxation
z z z z z
Which of the following is added to M2 to arrive at M3? >>>$100,000 and la
z z z z z z z z z z z z z z
rger timedeposits
z z
Which of the following actions of the Federal Reserve Board (FRB) would li
z z z z z z z z z z z z
kely havethe effect of causing interest rates to increase?
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NURSING MISC784 SIE FINRA Exam Questions and Ans z z z z z z z
wers 100%Correct/Verified Latest Update 2023/202
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4
