FINRA SIE
Q: 1
An investor generally purchases an open-end mutual fund from which of the following parties?
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Q: 2
A currency devaluation impacts a country's economic activity in which of the following ways?
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Q: 3
A customer purchases 100 shares of stock on Thursday, August 2. This transaction must settle regular
way no later than:
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Q: 4
Which of the following responses accurately describes a secondary market transaction?
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Q: 5
A customer wants to establish an account for the benefit of his grandchildren. He states to his
registered representative that he wants to be able to control the distribution of the assets and direct
how the account will be invested. Which of the following account types is most appropriate?
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Q: 6
A customer writes a call for XYZ stock with a strike price of $35 and receives a premium of $7. The
stock is currently trading at $40. What is the time value of this option?
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Q: 7
An investor wants to purchase mutual fund shares, but she is concerned about the tax efficiency of
the fund. Which of the following disclosures required under industry regulations will help the
investor make an informed decision?
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Q: 8
An investor sells shares of a closed-end fund at the market. Which of the following responses best
describes the net proceeds to be received?
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Q: 9
Under the Investment Company Act of 1940, which of the following products are considered
redeemable securities?
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Q: 10
According to FINRA rules, under which of the following circumstances, if any, is a member firm
permitted to send gifts to a registered representative of another member firm?
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Question 1 of 10
