FINRA Exam Questions fully solved &
updated
Under the Securities Act of 1933, registration is required for which of the
following securities?
-Municipal securities
-ADRs
-Securities issued by the federal government - ANSWER--ADRs
Which of the following Form U4 reportable events results in a statutory
disqualification?
-A personal bankruptcy filing
-Written customer complaint alleging misappropriation of assets
-A felony conviction for a driving under the influence charge - ANSWER--A
felony conviction for a driving under the influence charge
You have to report a bankruptcy but it doesn't disqualify you. Felony charges
are ok, felony convictions will disqualify you. If you are convicted of a
misdemeanor, it has to be securities or money related.
Call protection is MOST valuable to a bond owner when bond prices are
generally:
-rising
-falling
-stable
-fluctuating - ANSWER-rising.
a
, FINRA Exam Questions fully solved &
updated
You know that bonds are more likely to be called as interest rates fall.
UTMA accounts are opened under the tax ID of the - ANSWER-minor
Which of the following responses describes an advantage of index funds?
-the protection of principal during bearish markets
-high turnover to take advantage of market opportunities
-higher management fees due to active management of the fund - ANSWER-
Lower management fees due to passive management of the fund.
When selling a fixed amount of a base currency to purchase a counter currency,
which of the following factors is primarily used to determine how much of the
counter currency the customer will receive?
-the spot exchange rate
-the counter currency's inflation rate
-the credit rating of the counter currency's government - ANSWER-The spot
exchange rate
Which of the following statements is TRUE about all US government agencies?
1) they are exempt from federal taxes
2) they are exempt from registration under the Securities Act of 1933
3) they are issued in bearer form only
a
updated
Under the Securities Act of 1933, registration is required for which of the
following securities?
-Municipal securities
-ADRs
-Securities issued by the federal government - ANSWER--ADRs
Which of the following Form U4 reportable events results in a statutory
disqualification?
-A personal bankruptcy filing
-Written customer complaint alleging misappropriation of assets
-A felony conviction for a driving under the influence charge - ANSWER--A
felony conviction for a driving under the influence charge
You have to report a bankruptcy but it doesn't disqualify you. Felony charges
are ok, felony convictions will disqualify you. If you are convicted of a
misdemeanor, it has to be securities or money related.
Call protection is MOST valuable to a bond owner when bond prices are
generally:
-rising
-falling
-stable
-fluctuating - ANSWER-rising.
a
, FINRA Exam Questions fully solved &
updated
You know that bonds are more likely to be called as interest rates fall.
UTMA accounts are opened under the tax ID of the - ANSWER-minor
Which of the following responses describes an advantage of index funds?
-the protection of principal during bearish markets
-high turnover to take advantage of market opportunities
-higher management fees due to active management of the fund - ANSWER-
Lower management fees due to passive management of the fund.
When selling a fixed amount of a base currency to purchase a counter currency,
which of the following factors is primarily used to determine how much of the
counter currency the customer will receive?
-the spot exchange rate
-the counter currency's inflation rate
-the credit rating of the counter currency's government - ANSWER-The spot
exchange rate
Which of the following statements is TRUE about all US government agencies?
1) they are exempt from federal taxes
2) they are exempt from registration under the Securities Act of 1933
3) they are issued in bearer form only
a
