Series 65 Exam 3 2025 Questions and
Answers
- Sell short
- Be bought and sold on margin - ANSWER✔✔-When comparing exchange-traded fund (ETFs) to
mutual funds, some features available in ETFs that are NOT found in the mutual funds would
include the ability to:
7% coupon yielding 7.5% - ANSWER✔✔-Which of the following indicates a bond selling at a
discount?
An investment whose value is based upon another asset. - ANSWER✔✔-Which of the following
best defines a derivative?
The potential for a higher cash value and death benefit. - ANSWER✔✔-The main benefit that
variable life insurance has over whole life insurance is:
GNMAs - ANSWER✔✔-An investor interested in monthly interest income should invest in:
$300 - ANSWER✔✔-If a call option with an exercise price of $50 is purchased for $300, the
maximum amount the investor can loose is
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 1
, Straight life - ANSWER✔✔-For a given amount of principal. which annuity option would produce
the largest monthly income stream?
REITs - ANSWER✔✔-One of the most important definitions found in the investment Company
Act of 1940 is that of "investment company". Included in that definition are all of the following
EXCEPT:
Zero-coupon bond with 15 years to maturity - ANSWER✔✔-Of the following bonds, which has
the greatest price volatility?
inflation rate - ANSWER✔✔-In the secondary market, Treasury bond prices are most influenced by
the:
closed-end fund - ANSWER✔✔-If you were describing an investment that trades on an exchange
with a price set by supply and demand, rather than it's underlying value, it would be a(n)
Bank Jumbo CD - ANSWER✔✔-Which of the following would you NOT expect to see issued at a
discount?
mutual fund - ANSWER✔✔-An open-end investment company is also referred to as a(n):
- American depositary receipts
- Corporate bonds - ANSWER✔✔-Which of the following are NOT considered money market
instructions?
No less frequently than once per day. - ANSWER✔✔-According to the investment Company Act
of 1940, an open-end investment company must compute its NAV:
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 2
Answers
- Sell short
- Be bought and sold on margin - ANSWER✔✔-When comparing exchange-traded fund (ETFs) to
mutual funds, some features available in ETFs that are NOT found in the mutual funds would
include the ability to:
7% coupon yielding 7.5% - ANSWER✔✔-Which of the following indicates a bond selling at a
discount?
An investment whose value is based upon another asset. - ANSWER✔✔-Which of the following
best defines a derivative?
The potential for a higher cash value and death benefit. - ANSWER✔✔-The main benefit that
variable life insurance has over whole life insurance is:
GNMAs - ANSWER✔✔-An investor interested in monthly interest income should invest in:
$300 - ANSWER✔✔-If a call option with an exercise price of $50 is purchased for $300, the
maximum amount the investor can loose is
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 1
, Straight life - ANSWER✔✔-For a given amount of principal. which annuity option would produce
the largest monthly income stream?
REITs - ANSWER✔✔-One of the most important definitions found in the investment Company
Act of 1940 is that of "investment company". Included in that definition are all of the following
EXCEPT:
Zero-coupon bond with 15 years to maturity - ANSWER✔✔-Of the following bonds, which has
the greatest price volatility?
inflation rate - ANSWER✔✔-In the secondary market, Treasury bond prices are most influenced by
the:
closed-end fund - ANSWER✔✔-If you were describing an investment that trades on an exchange
with a price set by supply and demand, rather than it's underlying value, it would be a(n)
Bank Jumbo CD - ANSWER✔✔-Which of the following would you NOT expect to see issued at a
discount?
mutual fund - ANSWER✔✔-An open-end investment company is also referred to as a(n):
- American depositary receipts
- Corporate bonds - ANSWER✔✔-Which of the following are NOT considered money market
instructions?
No less frequently than once per day. - ANSWER✔✔-According to the investment Company Act
of 1940, an open-end investment company must compute its NAV:
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 2
