STC SERIES 66 EXAM 03A COMPLETE
QUESTIONS AND ANSWERS LATEST
UPDATE 2025/2026
Which of the following persons is an example of a fiduciary? - CORRECT
ANSWER - -A trustee
Erica has just received a subpoena requiring her to testify at a hearing regarding
the advisory firm for which she works. Erica's supervisory tells her that if she
testifies and tattles on the firm, she may as well look for other employment. What
should Erica do? - CORRECT ANSWER - Comply with the subpoena and testify
An agent receives an unsolicited order from a customer who wants to purchase a
large amount of a speculative stock. Although the client has the financial resources
to bear the risks of the investment, the agent does not think the purchase fits the
client's investment objectives. Which of the following steps is inappropriate? -
CORRECT ANSWER - Ignoring the customer's order since the agent feels the
security is unsuitable
Net long-term capital gains are taxed as ordinary income at the individual's tax
bracket, up to a maximum of: - CORRECT ANSWER - 20%
One of the most common uses for a bypass trust is to: - CORRECT ANSWER -
Pass assets from the second deceased parent to his children
You are the executor of your parents' estate. Which of the following investments
would be the most suitable for the estate? - CORRECT ANSWER - Treasury bills
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QUESTIONS AND ANSWERS LATEST
UPDATE 2025/2026
Which of the following persons is an example of a fiduciary? - CORRECT
ANSWER - -A trustee
Erica has just received a subpoena requiring her to testify at a hearing regarding
the advisory firm for which she works. Erica's supervisory tells her that if she
testifies and tattles on the firm, she may as well look for other employment. What
should Erica do? - CORRECT ANSWER - Comply with the subpoena and testify
An agent receives an unsolicited order from a customer who wants to purchase a
large amount of a speculative stock. Although the client has the financial resources
to bear the risks of the investment, the agent does not think the purchase fits the
client's investment objectives. Which of the following steps is inappropriate? -
CORRECT ANSWER - Ignoring the customer's order since the agent feels the
security is unsuitable
Net long-term capital gains are taxed as ordinary income at the individual's tax
bracket, up to a maximum of: - CORRECT ANSWER - 20%
One of the most common uses for a bypass trust is to: - CORRECT ANSWER -
Pass assets from the second deceased parent to his children
You are the executor of your parents' estate. Which of the following investments
would be the most suitable for the estate? - CORRECT ANSWER - Treasury bills
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