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Securities Industry Essentials Exam (SIE)

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Total Questions : 410

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Question # 111

A municipal finance professional (MFP) is asked to contribute to the re-election campaign of an issuer official for whom the MFP is not entitled to vote. In making this contribution, the ability of the MFP ' s public finance department to conduct municipal securities business with the issuer is affected:

Options:

A.  

only if the contribution is more than a minimum of $100.

B.  

only if the contribution is more than a minimum of $250.

C.  

only if the contribution is more than a minimum of $300.

D.  

if any amount of money is contributed, no minimum required.

Discussion 0
Question # 112

Executing trades using the delivery versus payment (DVP) settlement process requires the buyer to make a cash payment by which of the following deadlines?

Options:

A.  

On the 5th business day after execution

B.  

Before or at the same time as securities being delivered

C.  

No later than 3 days after the securities are delivered

D.  

By the agreed-upon settlement date with the issuer

Discussion 0
Question # 113

An investor wants to diversify their holdings to include real estate investment trusts. The investor wants to minimize transaction costs and be able to sell the REIT quickly when needed. Which of the following types of REITs, if any, satisfies the investor’s requirements?

Options:

A.  

No REITs

B.  

A private REIT

C.  

A non-traded REIT

D.  

A publicly traded REIT

Discussion 0
Question # 114

Accrued bond interest at the time of sale is paid to the:

Options:

A.  

buyer on the trade date.

B.  

buyer, as it is deducted from the net proceeds.

C.  

seller on the next payment date.

D.  

seller, as it is added to the net proceeds.

Discussion 0
Question # 115

Which of the following applicants qualifies as an institutional account?

Options:

A.  

A limited liability company with assets of $10 million

B.  

A family office with total assets of $25 million

C.  

An individual with total assets of $45 million

D.  

Any bank, regardless of total assets

Discussion 0
Question # 116

Which of the following economic theories or models is based on the belief that the supply of money in an economy is the primary driver of economic growth?

Options:

A.  

Supply-side

B.  

Monetarist

C.  

Keynesian

D.  

Demand-pull

Discussion 0
Question # 117

Which of the following responses describes a FINRA member?

Options:

A.  

An associated person of a registered brokerage firm

B.  

A natural person who is employed by a broker-dealer (BD)

C.  

A registered representative with a national securities exchange

D.  

A BD regulated by a national securities association

Discussion 0
Question # 118

The market price of a stock is generally reduced by the amount of the cash dividend on which of the following dates?

Options:

A.  

Redemption date

B.  

Ex-dividend date

C.  

Dividend record date

D.  

Dividend payment date

Discussion 0
Question # 119

What is the frequency of interest payments for a Treasury bond?

Options:

A.  

Monthly

B.  

Quarterly

C.  

Semiannually

D.  

Annually

Discussion 0
Question # 120

On settlement date, a customer is unable to pay for a purchase in his cash account. His position is liquidated. Which of the following statements is true according to Federal Reserve Regulation T?

Options:

A.  

Only closing transactions are permitted.

B.  

The customer is barred from trading for 30 days.

C.  

The customer ' s account is frozen for 90 days.

D.  

All related accounts are frozen for 90 days.

Discussion 0
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