FINRA SIE TEST EXAM | 100% CORRECTLY
ANSWERED AND RATED A+ | LATEST GUIDE
2025/2026
A customer has a cash balance in her account together with long
positions in several securities. She has made no securities transactions
in the account during the past 18 months. How often must the firm send
her an account statement? - Correct Answer - Quarterly
When selling a fixed amount of a base currency to purchase a counter
currency, which of the following factors is primarily used to determine
how much of the counter currency the customer will receive? - Correct
Answer - The spot exchange rate
Stability in the value of a debt portfolio is greatest when: - Correct
Answer - maturities of the debt securities are short
Under Federal Reserve Regulation T, a 90-day restriction is imposed
when a customer opens and closes which of the following positions? -
Correct Answer - the same stock in a cash account without paying for
the stock in full
The owner of which of the following products is most exposed to
inflationary risk? - Correct Answer - treasury bonds
, A registered representative is reviewing the following portfolio:
-30% ABC Energy Company
-30% XYZ Health Care Company
-30% Exchange-traded fund (tracks the S&P 500)
-10% Money market funds
Which of the following risks is inherent in this portfolio? - Correct Answer
- nonsystematic
Under normal circumstances, a customer's letter of intent on a mutual
fund purchase is valid for what maximum period of time? - Correct
Answer - 13 months
The call provision of a bond stipulates which of the following factors? -
Correct Answer - call date and call price
What is the cost basis of an inherited mutual fund? - Correct Answer -
the net asset value of the shares when the owner dies
A member of a stock exchange responsible for providing liquidity in a
security by being willing to buy and sell at all times is known as: - Correct
Answer - a market maker
ANSWERED AND RATED A+ | LATEST GUIDE
2025/2026
A customer has a cash balance in her account together with long
positions in several securities. She has made no securities transactions
in the account during the past 18 months. How often must the firm send
her an account statement? - Correct Answer - Quarterly
When selling a fixed amount of a base currency to purchase a counter
currency, which of the following factors is primarily used to determine
how much of the counter currency the customer will receive? - Correct
Answer - The spot exchange rate
Stability in the value of a debt portfolio is greatest when: - Correct
Answer - maturities of the debt securities are short
Under Federal Reserve Regulation T, a 90-day restriction is imposed
when a customer opens and closes which of the following positions? -
Correct Answer - the same stock in a cash account without paying for
the stock in full
The owner of which of the following products is most exposed to
inflationary risk? - Correct Answer - treasury bonds
, A registered representative is reviewing the following portfolio:
-30% ABC Energy Company
-30% XYZ Health Care Company
-30% Exchange-traded fund (tracks the S&P 500)
-10% Money market funds
Which of the following risks is inherent in this portfolio? - Correct Answer
- nonsystematic
Under normal circumstances, a customer's letter of intent on a mutual
fund purchase is valid for what maximum period of time? - Correct
Answer - 13 months
The call provision of a bond stipulates which of the following factors? -
Correct Answer - call date and call price
What is the cost basis of an inherited mutual fund? - Correct Answer -
the net asset value of the shares when the owner dies
A member of a stock exchange responsible for providing liquidity in a
security by being willing to buy and sell at all times is known as: - Correct
Answer - a market maker
