Security Industry Essentials Practice Test 21

1. Investment company financial statements are sent to shareholders

2. When a broker-dealer acts on an agency basis to help a customer complete trades, the firm normally is compensated through

3. When opening a margin account, the agreement that customers sign to pledge their securities as collateral for a loan from the broker-dealer is the

4. The credit quality of an exchange-traded note is

5. A registered representative located in California makes a 7:30pm cold call to a potential customer in New Jersey. This is

6. When comparing rights and warrants, which of the following statements is TRUE?

7. Helen opened a Roth IRA last year and wants to know what part of this year's contributions she can deduct. The answer is

8. Investors whose bonds have been called as interest rates have fallen are now facing

9. Dollar limits on 529 plan contributions per beneficiary are set by

10. During the accumulation phase of a variable annuity, dividends, interest, and capital gains

11. A customer requests in writing that his account statements be held by the firm while he spends the winter in Florida. In response to the customer's request, the firm is permitted to honor the request

12. With regard to the price of closed-end fund shares held by investors which of the following statements is TRUE?

13. The order of liquidation in a limited partnership is

14. Which of the following is not an example of a restricted person under FINRA rules?

15. Which of the following interest rates is established by the Federal Reserve Board?

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