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The redemption value of an open-ended investment company's shares is based on the: : Net assets value computed after the order is received An associated person who is not a registered representative is permitted to engage in which of the following activities? : Provide account opening forms to a new customer A decline in the gross domestic product (GDP) must last for at least how many quarters to be considered a recession? : 2 quarters When is interest on Treasury notes paid? : Semia...

Upon Expiration, all in-the-money S&P 100 Index call options are settled by the delivery of which of the following? : Cash Which of the following statements is true about treasury stock? : It is issued stock that has been subsequently reacquired by the corporation In the event of a stock split, which of the following parties is required to maintain a record of the shareholders eligible to receive the additional shares? : Transfer Agent Which of the following actions is required of a br...

Under SEC regulation S-P, which of the following information must a firm include in its customer privacy and opt-out notices? : the policies to protect the security of nonpublic information under industry regulations, an initial purchase of $3,000 of common stock in a margin account requires a cash deposit of : $2,000, remember $2000 is the MINIMUM requirement DPPs provide : exposure to non-correlated assets the primary purpose of a syndicate desk in the context of an equity offering i...

RCFE Administrator test QUESTIONS & ANSWERS 2023 ( A+ GRADED 100% VERIFIED)

BLAW Exam 1 TCU Mackenzie Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+ Where did the law originate from? Why? Correct Answer: England, because that's the only law they knew The tendency to decide cases based on previous rulings. Provides consistency, efficiency, liable, stability Correct Answer: Precedent All courts under have to apply the same ruling Correct Answer: Binding Precedent Accumulation of precedents; judge made law Correct Answer: Comm...

1. Under normal circumstances, a customer's LOI on a mutual fund purchase is valid for what amx period time? A. 3 months B. 6 months C. 13 months 24 months : C. 13 months FinCEN accomplishes its mission to safeguard the financial system from the abuses of financial crime, including terrorist financing and money laundering, by enforcing: A. SEC regulations B. The Bank Secrecy Act C. The Securities Act of 1933 D. The Investment Company Act of 1940 : B. The Bank Secrecy A

The owner of which of the following products is MOST exposed to inflationary risk? : Treasury Bonds have a higher inflationary risk than Blue chip industries, T-Bills, or Utility stocks. Which of the following considerations should a registered representative explain t a customer when recommending a 529 college savings plan? : The potential deductibility of contributions from state taxes. To offer its shareholders a privilege to obtain its shares at a fixed price, which products does a...

Direct Participation Programs (DPPs) provide: : exposure to non-correlated assets with steady returns Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer opens and closes which of the following positions? : The same stock in a cash account without paying for the stock in full Under the securities act of 1933, registration is required for which of the following securities : American Depository Receipts (ADRs) A customer has a cash balance in her account t...

nder Rule 144A, an issuer of restricted stock is permitted to sell to which of the following investors : Qualified Institutional Buyers The primary purpose of a syndicate desk in the context of an equity offering is to: : Build an Order book and allocate the stock What is the cost basis of an inherited mutual fund? : The NAV of the shares when the owner dies A customer is an officer of a company that is involved in some significant changes. All of the following items are examples of co...