SIE Practice Questions

A.  

Treasury bills

B.  

Municipal bonds

C.  

SPDR S&P 500 ETF (SPY)

D.  

American Depositary Receipts (ADRs)

A.  

$0

B.  

$2

C.  

$5

D.  

$7

A.  

92

B.  

100

C.  

102

D.  

107

A.  

Common stock and preferred stock are treated the same under a bankruptcy proceeding.

B.  

Common stock and preferred stock are treated the same when it comes to payment of dividends.

C.  

Common stock dividend payment is treated as a higher priority over that of preferred stock.

D.  

Common stock is a lower priority compared to preferred stock under a bankruptcy proceeding.

A.  

They pay interest quarterly.

B.  

They are traded only on the NYS

E.  

C.  

They are backed by the full faith and credit of the U.S. government.

D.  

They usually sell at a higher yield than Treasury securities of equal maturity.

A.  

The SEC has approved the security being offered for sale.

B.  

The SEC has found the information presented to be true and accurate.

C.  

The SEC has determined that no material information has been omitted.

D.  

The SEC has not passed judgment on the merits of the security being offered for sale.

A.  

The dealer's year-end income statement

B.  

A statement that the dealer is registered with the MSRB

C.  

Contact information for the dealer's chief compliance officer

D.  

The number of customer complaints that the dealer received in the last year

A.  

Immediately close the account

B.  

Liquidate the suspicious assets

C.  

Immediately report the unusual activity to FINRA and the SEC

D.  

Contact the customer directly and, if necessary, notify the customer’s trusted contact person

A.  

The BD's homepage intended for retail customers

B.  

A registered representative's (RR's) outgoing email

C.  

An email response to a complaint from a retail customer

D.  

An RR's social media site that Identifies his BD employment

A.  

Buying a put option

B.  

Buying a call option

C.  

Selling a put option

D.  

Selling a call option