series 7 STC 1B exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS
series 7 STC 1B exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Which TWO of the following statements are TRUE when opening new customer accounts?I. A P.O. box may be shown as the customer's address on the new account form II. A street address must be reflected on the new account form III. Customer correspondence may be sent to a P.O. box IV. Customer correspondence may not be sent to a P.O. box a. I and III b. I and IV c. II and III d. II and IV - Answer -c. II and III Which of the following transactions may NOT be accomplished in a cash account? a. Covered call or put writingb. The sale of preferred stock c. Selling short d. The purchase of options - Answer -c. Selling short The Securities Investor Protection Corporation (SIPC) does not insure a: a. Margin account b. Joint account
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