SIE Exam: Knowledge of Capital Markets Practice Test 4

A. During and immediately after the stock market crash of 1929, liquid assets in banks were safe, as contrasted with the stock that lost value in the stock market crash.

B. After the stock market crash of 1929, many banks were not able to provide depositors their money upon request.

C. Making bank depositors' funds safe was the only purpose for establishing the Federal Reserve.

D. The stock market crash of 1929 was the only time in American history when depositors had significant concerns because of their inability to withdraw their funds upon demand.

A. Ordinary

B. Retail

C. Accredited

D. Institutional

A. Brokers typically buy or sell on their own behalf.

B. Brokers have the knowledge and financial strength to buy investments on behalf of the customer.

C. Brokers offer bid and ask prices that do not change for 72 hours.

D. Brokers eliminate the need for a customer to have a registered representative.

A. At the SEC.

B. At the introducing broker's headquarters office.

C. At the clearing broker's business.

D. At the introducing broker's bank.

A. The Congress passed the act defining them as the result of a concern from the SEC about persons advising investors about what to buy and sell.

B. They are defined in the Securities Exchange Act of 1934.

C. An investment adviser is a person who provides guidance, receives a fee for providing guidance, and receives a significant proportion of the adviser's income from providing guidance to investors.

D. If a person provides any guidance to an individual about buying or selling investments as only a small part of their work, that person is not defined as an investment adviser.

A. Ordinary

B. Retail

C. Accredited

D. Institutional

A. They are used only on United States stocks and government and municipal bonds.

B. They are used only on United States and Canadian registered stocks.

C. They are used on all United States government and municipal bonds.

D. They are used on all United States and Canadian registered stocks, and on United States government and municipal bonds

SIE Exam: Knowledge of Capital Markets Practice Test 4

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