SIE Knowledge of Capital Markets Practice Test 2

A. To inform investors of management's future plans

B. To affirm compliance with SEC registration

C. To report on historical events and values

D. To justify the purchase of stock

A. Leading economic indicator

B. Lagging economic indicator

C. Coincident economic indicator

D. Seasonal economic indicator

A. Exchange rates are the proportion of one country's goods and services that are purchased with cash as compared with all goods and services purchased with cash and credit.

B. The gross domestic product reflects the total of a country's goods and services produced and used or consumed in that country during a period of time.

C. The gross international product reflects the total of a country's goods and services produced during a period of time.

D. A trade deficit is enacted by Congress as a tool of fiscal policy.

A. Securities Exchange Commission

B. Underwriting syndicate, led by the lead underwriter

C. Lead underwriter for "standby" agreement

D. Securities commissioner of the state in which the security is offered

A. Prospectus

B. Official statement

C. Program disclosure document

D. Partnership agreement

A. One purpose of the 1933 Securities Act was to discourage investment in the stock market.

B. One purpose of the 1934 Securities Exchange Act was to repeal the 1933 Securities Act, which had led to an increased level of speculation in the stock market.

C. During the late 1920's, business expansion was accompanied by a declining level of speculation in the stock market, which led to increased regulation in the early 1930's.

D. One purpose of the 1933 Securities Act was to provide fair disclosure of new stock issues.

A. New York Stock Exchange LLC (NYSE)

B. American Stock Exchange (Amex)

C. Financial Industry Regulatory Authority (FINRA)

D. The Options Clearing Corporation (OCC)

SIE Knowledge of Capital Markets Practice Test 2

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