FINRA SIE Final Study
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1. The primary purpose of a syndicate desk in the context B
of an equity offering is to:
A. determine the list of selling shareholders
B. build an order book and allocate the stock
C. solicit interest from investors in the stock offering
D. chaperone company management during the road
show
2. In a period of low inflation and economic recession, C
the Federal Reserve is expected to take which of the
following actions?
A. decrease taxes
B. raise the federal funds rate
C. buy bonds in the open market
D. require banks to increase reserves
3. Which of the following communications with the public D
is considered misleading?
A. historical illustrations based on factual perfor-
mance
B. product comparisons that illustrate material differ-
ences
C. a research report that includes a buy recommenda-
tion for a specific security
D. literature providing 10-year performance informa-
tion to support predictions of future performance
4. Under the Securities Act of 1933, registration is re- C
quired for which of the following securities?
, FINRA SIE Final Study
Study online at https://quizlet.com/_5v6jbd
A. eurodollar bonds
B. municipal securities
C. American depositary receipts (adrs)
D. securities issued by the federal government
5. A savings account at a bank is guaranteed by which of A
the following entities?
A. FDIC
B. SIPC
C. Federal Reserve
D. Department of Treasury
6. To offer its shareholders a privilege to obtain its shares B
at a fixed price, which of the following products does a
corporate issue?
A. puts
B. rights
C. futures
D. preferred stock
7. A registered representative (RR) wants to participate in C
a private securities transaction. Which of the following
actions must the RR take?
A. request a meeting with his supervisor to lay out the
structure of the deal
B. call his supervisor and inform her of the deal and the
RR's potential involvement
C. send written notice to his supervisor outlining the
activity and compensation structure
, FINRA SIE Final Study
Study online at https://quizlet.com/_5v6jbd
D. initiate the paperwork required by the policies of the
firm once the activity has begun
8. Under industry regulations, an initial purchase of C
$3,000 of common stock in a margin account requires
a cash deposit of:
A. $750
B. $1,500
C. $2,000
D. $3,000
9. Which of the following statements is true about trea- C
sury stock?
A. it has voting rights
B. it receives dividends
C. it is issued stock that has been subsequently reac-
quired by the corporation
D. it is authorized stock that has not been issued and
is held in the corporation's treasury
10. Which of the following outcomes are possible for the A
writer of a covered call option?
A. profit limited and loss limited
B. profit limited and loss unlimited
C. profit unlimited and loss limited
D. profit unlimited and loss unlimited
11. The computation of dollar prices and accrued interest A
on municipal bonds is normally on what calendar ba-
sis?
Study online at https://quizlet.com/_5v6jbd
1. The primary purpose of a syndicate desk in the context B
of an equity offering is to:
A. determine the list of selling shareholders
B. build an order book and allocate the stock
C. solicit interest from investors in the stock offering
D. chaperone company management during the road
show
2. In a period of low inflation and economic recession, C
the Federal Reserve is expected to take which of the
following actions?
A. decrease taxes
B. raise the federal funds rate
C. buy bonds in the open market
D. require banks to increase reserves
3. Which of the following communications with the public D
is considered misleading?
A. historical illustrations based on factual perfor-
mance
B. product comparisons that illustrate material differ-
ences
C. a research report that includes a buy recommenda-
tion for a specific security
D. literature providing 10-year performance informa-
tion to support predictions of future performance
4. Under the Securities Act of 1933, registration is re- C
quired for which of the following securities?
, FINRA SIE Final Study
Study online at https://quizlet.com/_5v6jbd
A. eurodollar bonds
B. municipal securities
C. American depositary receipts (adrs)
D. securities issued by the federal government
5. A savings account at a bank is guaranteed by which of A
the following entities?
A. FDIC
B. SIPC
C. Federal Reserve
D. Department of Treasury
6. To offer its shareholders a privilege to obtain its shares B
at a fixed price, which of the following products does a
corporate issue?
A. puts
B. rights
C. futures
D. preferred stock
7. A registered representative (RR) wants to participate in C
a private securities transaction. Which of the following
actions must the RR take?
A. request a meeting with his supervisor to lay out the
structure of the deal
B. call his supervisor and inform her of the deal and the
RR's potential involvement
C. send written notice to his supervisor outlining the
activity and compensation structure
, FINRA SIE Final Study
Study online at https://quizlet.com/_5v6jbd
D. initiate the paperwork required by the policies of the
firm once the activity has begun
8. Under industry regulations, an initial purchase of C
$3,000 of common stock in a margin account requires
a cash deposit of:
A. $750
B. $1,500
C. $2,000
D. $3,000
9. Which of the following statements is true about trea- C
sury stock?
A. it has voting rights
B. it receives dividends
C. it is issued stock that has been subsequently reac-
quired by the corporation
D. it is authorized stock that has not been issued and
is held in the corporation's treasury
10. Which of the following outcomes are possible for the A
writer of a covered call option?
A. profit limited and loss limited
B. profit limited and loss unlimited
C. profit unlimited and loss limited
D. profit unlimited and loss unlimited
11. The computation of dollar prices and accrued interest A
on municipal bonds is normally on what calendar ba-
sis?
