Security Industry Essentials Practice Test 27

1. Regulation S-P principally deals with:

2. All states have a securities Administrator whose job it is to enforce the securities laws of their state. All Administrators are part of an organization known as:

3. When a commercial bank elects to borrow short-term, often overnight, loans from another commercial bank, these loans are done at an interest rate known as the:

4. The US economy has traditionally performed in a way described by economists and analysts as the business cycle. When an economy that has been operating a peak efficiency begins to slow down, which phase of the cycle is the economy entering?

5. It is not unusual for a broker-dealer to fill a customer order for an NYSE stock as principal out of inventory in lieu of wiring it to the floor the exchange.

6. Though there are numerous business sectors in the US economy, companies generally fall into three distinct categories:

7. In the business of underwriting, when a firm adopts a firm commitment, it is acting as a:

8. Not all corporate securities offerings are required to be registered with the SEC. An offering done under Regulation D is often called:

9. When the US dollar weakens,

10. One of the primary risks associated with mortgage backed securities is prepayment risk. This tends to present itself when

11. Among the most significant differences between an open-end investment management company and a unit investment trust is that:

12. Single stock, or single sector, risk is more generally in the category described as:

13. Diversification is a very effective way for an investor to mitigate:

14. Many folks living across the country choose to participate in their state's 529 college savings plan. These investment programs are generally referred to by FINRA as:

15. As interest rates rise, which of the below will change the least in price?