SIE (Mastery Test) Exam Questions With Accurate Answers.

SIE (Mastery Test) Exam Questions With Accurate Answers. All of the following are U.S. government agency debt securities EXCEPT A) Government National Mortgage Association securities B) Farm Credit Administration securities C) Federal National Mortgage Association securities D) Treasury notes - answerD) Treasury notes GNMA, Freddie & Fannie, Farm Credit Admin Numbers measuring the output of goods and services have been declining for just under 2 years. The economy would be characterized as A) being just under the recessionary measurement threshold B) expanding C) being in an economic trough within the business cycle D) being in a depression - answerD) being in a depression a trough is the end of of of declining period Which of the following mutual fund share classes has no back-end load, lower operating expenses, and low or no 12b-1 fees? A) Class A B) Class B C) Class C upon conversion to Class B D) Class C - answerA) Class A The federal act that requires registration with the SEC as a face-amount certificate company, unit investment trust company, or management company is A) the Securities Act of 1933 B) the Investment Company Act of 1940 C) the Trust Indenture Act of 1939 D) the Securities Exchange Act of 1934 - answerInvestment Company Act of 1940 Local government investment pools (LGIPs) are established by A) states to provide municipalities a place to invest funds short term B) local municipalities to allow states a place to invest funds short term C) states to provide municipalities a place to invest funds long term D) the federal government to provide municipalities a place to invest funds long term - answerSTATES provide municipalities a place to invest funds SHORT term Regarding stock rights and stock warrants, which of the following is TRUE? A) Warrants are sometimes bundled with other securities. B) Warrants have a short-term subscription length (expiry). C) Rights cannot be sold in the open market, only exercised once received. D) Rights are exercised to purchase shares at a premium, above the security's price when issued. - answerA) Warrants are sometimes bundled with other securities. Which of the following persons would be allowed to purchase shares of an initial public offering (IPO)? A) An attorney acting on behalf of the managing underwriter B) The grandparent of a member broker-dealer employee C) Someone owning 15% of a member broker-dealer D) The father of a member broker-dealer employee - answerB) The grandparent of a member broker-dealer employee Aunts, uncles, grandparents are NOT considered immediate family Which of the following offering types would be used for a deal that will be sold exclusively to residents of one state? A) A Reg A offering B) A Reg. S offering C) A Rule 144 offering D) A Rule 147 offering - answerD) A Rule 14