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3 different braking systems that make up Air Brakes - Answer- Service Brake, Parking Brake, Emergency Brake Air Compressor - Answer- Pumps air into storage tanks and connected to the engine via gears or a v-belt. Air Compressor Governor - Answer- Controls when the air compressor will pump air into the air storage tanks. When tank pressure rises to the cut-out level, the governor stops the compressor from pumping. When the tank pressure falls to the cut-in level, the governor allow the comp...

A key principle to remember about loading cargo is to keep the load - Answer- Balanced in the cargo You should use your mirrors to check - Answer- where the rear of your vehicle is while you make a turn When driving at night, you should use your low beams when an oncoming vehicle is within - Answer- 500 feet Your brakes get wet when you drive through a heavy rain. What could this cause when the brakes are applied? - Answer- Trailer jacknife You are approaching a traffic light that ha...

Oil and waster usually collect in compressed air tanks. If you do not have an automatic tank drain, when should you drain the air tanks? - Answer- after every working day Why drain water from the compressed air tanks? - Answer- water can freeze in cold weather and cause brake failure to make an emergency stop with air brakes, using the stab braking method, you should do what? - Answer- Press in the break pedal as hard as you can, release the brakes when the wheels locked, put on the brakes...

Oil and water usually collect in compressed air tanks. If you do not have an automatic tank drain, when should you drain the air tanks? After working every day. Why drain water from the compressed air tanks? Water can freeze in cold weather and cause brake failure. The air brake system for a straight truck or bus should not leak at a rate of more than __________ psi per minute with the engine off and the brakes released. 2 To make an emergency stop with air brakes, using the stab brakin...

CDL medical certificates must be renewed every A.) Year B.) 2 Years C.) 4 Years - Answer- B.) 2 Years What should you do when you are driving at night? A.) make sure are driving so you can stop within the range of your headlights in an emergency B.) roll down your window so that the fresh air will keep you awake C.) if you are sleepy, drink coffee or other caffeine products - Answer- A.) make sure are driving so you can stop within the range of your headlights in an emergency What th...

Which type of brake is most common in commercial vehicles.... - Answer- S Cam Brakes To check the free play of manual slack adjusters on s-cam brakes you should.... - Answer- Park on level ground, chock the wheels, and release the parking brakes Why drain water from the compressed air tanks..... - Answer- Water can freeze in cold weather and cause brake failure The driver must be able to see a warning that is given before air pressure in the service air tanks falls below..... - Answer- ...

During normal driving spring breaks are usually held back by? - Answer- Air pressure When should the parking brake be applied? - Answer- Anytime the vehicle is parked Is it possible to have have an air leak in one system and the other will be unaffected? - Answer- yes Does the governor control when the air compressor will pump air into the storage tanks? - Answer- Yes The emergency braking system... - Answer- Uses parts of the service and parking brake system to stop the vehicle in t...

Excessive use of the service breaks results in overheating, which can lead to: a) Improper adjustment of the S-cam b) Increased contact between the brake drums and brake linings c) Expansion of the brake drums - Answer- c) Expansion of the brake drums If air pressure does NOT build up to normal within the correct amount of time: a) You should be ready to use your parking brake to help stop b) The alcohol container may be low c) Your air pressure may drop too low during drivi...

It is not safe to drive a vehicle that has brake drums with cracks that are longer than __ of the width of the friction area. - Answer- 1/2 To correct a drive-wheel braking skid, you should: - Answer- Stop braking and steer/counter steer The air compressor stops pumping air at what psi? - Answer- 125 Controlled braking: - Answer- Is used to keep vehicle braking in a straight line It is not safe to drive a vehicle that has brake drums (or discs) with cracks or that are thinner than th...

A customer buys AC Growth Fund and enjoys a substantial paper capital gain. When he believes the market has reached its peak, he switches into AC Income Fund within the AC family of funds. He incurs a small service fee but is not charged an additional sales charge. What is the tax effect? A) Any gain or loss is deferred until he liquidates the AC Income Fund. B) Any gain in AC Growth Fund is taxable because the exchange is treated as a sale and a purchase. C) It is a tax-free exchange. D) ...

Which of the following approvals is required before a municipality can begin making payments on a moral obligation bond? - Answer- Approval by State Legislature. If a company pays a cash dividend, which of the following is TRUE? - Answer- Current Assets decreases. Funds being paid out come from companies cash Company declares cash dividend - Answer- Dividends Payable -- Current Liabilities increased by amount of the announced dividend, Retained earnings reduced (SHE) Which TWO of the...

XYZ County Sewer Revenue 6.5% municipal bonds mature in 20 years. If they are currently offered at 92, they have a yield to maturity of approximately - Answer- A) 7.19%.* B) 5.96%. C) 6.50%. D) 6.23%. A customer interested in a collateralized mortgage obligation (CMO) might look to which of the following for historical data or projections regarding mortgage prepayments? - Answer- A) DEA B) PSA C) FINRA D) Bond Buyer * Your customer, who lives in State A, is in the highest fed...

The German economy is on the verge of a recession. The Canadian government announces that there was another quarterly increase in its GDP figures. An investor wanting to act on this information will buy: I. Euro calls II. Euro puts III. Canadian dollar calls IV. Canadian dollar puts - Answer- II and III only A corporation's shareholders must vote for: a. Cash dividends b. Stock dividends c. Stock splits d. Stopping dividends - Answer- c Which of the following institutions does...

STRIPS may be attractive to investors for which of the following reasons? A. They offer semi-annual interest payments B. The securities are tax-free until they mature C. They carry almost no reinvestment risk D. They are offered at only a 20 year maturity which is a maturity that is not offered by traditional Treasury securities - Answer- C. They carry almost no reinvestment risk The Alternative Minimum Tax (AMT): A. Adds back in certain "tax preference items" that are deducted for...

When an arbitrator has decided to expunge (remove) customer dispute-related information from the Central Registry Depository (CRD): - Answer- it's permanently deleted and not available to the public, regulators, or prospective employers The market price for a closed-end investment company is based upon: - Answer- supply and demand for the shares in the marketplace. A closed-end investment company share may sell at, above, or below its net asset value. What type of bond is issued as a muni...

Which of the following is true regarding convertible bonds? - Answer- 1. conversion price is set at time the bond is issued 2. if Mkt price is @ discount then the bond price is more influenced by IR than stocks 3. If Mkt price is @ premium then bond price is more influenced by stocks than IR All of the following are true of oil and gas limited partnerships except - Answer- income programs may involve the acquisition of leases What are federal funds? - Answer- The excess reserves on dep...

A registered principal or registered representative must retake the qualifying exam if his or her registration has been revoked or terminated for a period of ____________ or more. A.) 1 year B.) 5 years C.) 3 years D.) 2 years - Answer- D.) 2 Years A member may maintain a representative registration for which of the following persons?I. A person who performs legal, compliance, or internal audit functions for the memberII. A person who performs back-office functions for the memberIII. A pe...

A customer enters a sell stop-limit order for 100 shares at 18.50. The last round-lot sale that took place before the order was entered was 18.88. Round-lot sales that took place after the order was entered were at 18.60, 18.25, 18.38, 18.50, and 18.63. The execution price is: - Answer- 18.50 Explanation: After the order was activated by the round-lot sale of 18.25 (which is at or lower than 18.50), the order became a limit order to sell 100 shares at 18.50 or better. 18.50 is the first price...

An investor tells his rr to purchase 50m EGG 11.7% debenture bonds. The order goes through and the bonds are purchased for 113. A year before the bond matures, it is valued at 103. What is this called? - Answer- Amortization In oil and gas limited partnerships is the risk greater in developmental or exploratory programs? - Answer- exploratory What is the best way to measure the GNP? (gross national product) - Answer- constant dollars What is the broker's role in the term "broker/deale...

Which of the following securities settle on a T+1 basis? - Answer- Option securities Of the following securities, which has the least amount of liquidity risk? a. AA rated 15 year Municipal bond b. A rated 10 year Corporate bond c. OTC equity security d. 30 year Treasury bond - Answer- d. 30 year Treasury bond Which of the following best describes a UIT? a. When the UIT reaches maturity of the end of its life, the underlying assets within the UIT are sold and the principal i...