STC SIE Exam Final Practice Questions
b b b b b
STC SIE Exam Final Practi
b b b b
ce Questions
b
1b/b53
, STC SIE Exam Final Practice Questions
b b b b b
1. Which of the following statements is TRUE concerning periodic payment var
b b b b b b b b b b b
iable annuities?
b
A. A client's number of annuity units never changes
b b b b b b b
B. A client's number of accumulation units never changes
b b b b b b b
C. Annuity contracts never have a beneficiary
b b b b b
D. The monthly payout is fixed by the inflation index: A. A client's number of ann
b b b b b b b b b b b b b b
uity units never changes
b b b
2. Which of the following securities would be subject to federal securities regis
b b b b b b b b b b b b
tration requirements?
b
A. Securities offered through a private placement
b b b b b
B. GNMA securities b
C. Municipal bonds b
D. Mutual fund shares: D. Mutual fund shares
b b b b b b
2b/b53
, STC SIE Exam Final Practice Questions
b b b b b
Mutual fund shares would be subject to registration requirements at the state and fed
b b b b b b b b b b b b b
eral level. The other securities are exempt from federal and state registration require
b b b b b b b b b b b b
ments.
3. Which of the following is the likely result of persistent deflation?
b b b b b b b b b b b
A. A decrease in interest rates
b b b b
B. A decrease in the level of inflation
b b b b b b
C. A decrease in bond prices
b b b b
D. An increase in the value of equities: A. A decrease in interest rates
b b b b b b b b b b b b b
4. Which of the following statements is NOT TRUE about a fidelity bond?
b b b b b b b b b b b b
A. It protects customers in the event their broker-dealer goes bankrupt.
b b b b b b b b b
B. It's insurance that protects a broker-
b b b b b
dealer in case of fraud such as forgery or counterfeit currency.
b b b b b b b b b b
3b/b53
, STC SIE Exam Final Practice Questions
b b b b b
C. FINRA must be notified if the bond is cancelled or substantially modified.D.
b b b b b b b b b b b b
It covers securities that are held at the brokerage firm as well as those in tra
b b b b b b b b b b b b b b b
nsit.: A. It protects customers in the event their broker-dealer goes bankrupt.
b b b b b b b b b b b
A fidelity bond does not protect customers in the event of broker-
b b b b b b b b b b b
dealer bankruptcy; that's the role of SIPC.
b b b b b b
5. If a market maker has a current quote of 50.00 -
b b b b b b b b b b b
b 50.05 (15 x 20), this indicates that the firm is willing to:
b b b b b b b b b b b
A. Sell 200 shares at $50.00 and buy 150 shares at $50.05
b b b b b b b b b b
B. Buy 150 shares at $50.00 and sell 200 shares at $50.05
b b b b b b b b b b
C. Sell 1,500 shares at $50.00 and buy 2,000 shares at $50.05
b b b b b b b b b b
D. Buy 1,500 shares at $50.00 and sell 2,000 shares at $50.05: D. Buy 1,500 shar
b b b b b b b b b b b b b b
es at $50.00 and sell 2,000 shares at $50.05
b b b b b b b b
4b/b53
b b b b b
STC SIE Exam Final Practi
b b b b
ce Questions
b
1b/b53
, STC SIE Exam Final Practice Questions
b b b b b
1. Which of the following statements is TRUE concerning periodic payment var
b b b b b b b b b b b
iable annuities?
b
A. A client's number of annuity units never changes
b b b b b b b
B. A client's number of accumulation units never changes
b b b b b b b
C. Annuity contracts never have a beneficiary
b b b b b
D. The monthly payout is fixed by the inflation index: A. A client's number of ann
b b b b b b b b b b b b b b
uity units never changes
b b b
2. Which of the following securities would be subject to federal securities regis
b b b b b b b b b b b b
tration requirements?
b
A. Securities offered through a private placement
b b b b b
B. GNMA securities b
C. Municipal bonds b
D. Mutual fund shares: D. Mutual fund shares
b b b b b b
2b/b53
, STC SIE Exam Final Practice Questions
b b b b b
Mutual fund shares would be subject to registration requirements at the state and fed
b b b b b b b b b b b b b
eral level. The other securities are exempt from federal and state registration require
b b b b b b b b b b b b
ments.
3. Which of the following is the likely result of persistent deflation?
b b b b b b b b b b b
A. A decrease in interest rates
b b b b
B. A decrease in the level of inflation
b b b b b b
C. A decrease in bond prices
b b b b
D. An increase in the value of equities: A. A decrease in interest rates
b b b b b b b b b b b b b
4. Which of the following statements is NOT TRUE about a fidelity bond?
b b b b b b b b b b b b
A. It protects customers in the event their broker-dealer goes bankrupt.
b b b b b b b b b
B. It's insurance that protects a broker-
b b b b b
dealer in case of fraud such as forgery or counterfeit currency.
b b b b b b b b b b
3b/b53
, STC SIE Exam Final Practice Questions
b b b b b
C. FINRA must be notified if the bond is cancelled or substantially modified.D.
b b b b b b b b b b b b
It covers securities that are held at the brokerage firm as well as those in tra
b b b b b b b b b b b b b b b
nsit.: A. It protects customers in the event their broker-dealer goes bankrupt.
b b b b b b b b b b b
A fidelity bond does not protect customers in the event of broker-
b b b b b b b b b b b
dealer bankruptcy; that's the role of SIPC.
b b b b b b
5. If a market maker has a current quote of 50.00 -
b b b b b b b b b b b
b 50.05 (15 x 20), this indicates that the firm is willing to:
b b b b b b b b b b b
A. Sell 200 shares at $50.00 and buy 150 shares at $50.05
b b b b b b b b b b
B. Buy 150 shares at $50.00 and sell 200 shares at $50.05
b b b b b b b b b b
C. Sell 1,500 shares at $50.00 and buy 2,000 shares at $50.05
b b b b b b b b b b
D. Buy 1,500 shares at $50.00 and sell 2,000 shares at $50.05: D. Buy 1,500 shar
b b b b b b b b b b b b b b
es at $50.00 and sell 2,000 shares at $50.05
b b b b b b b b
4b/b53
