Finra Website Sie Practice Exam Questions Review With 100% Correct Answers

Which of the following outcomes are possible for the writer of a covered call option? A. Profit limited and loss limited B. Profit limited and loss unlimited C. Profit unlimited and loss limited D. Profit unlimited and loss unlimited {Ans: A. Profit limited and loss limited}The commutation of dollar prices and accrued interest on municipal bonds is normally on what calendar basis? A. 30/360 B. 30/365 C. Actual/360 D. Actual/365 {Ans: A. 30/360}Under the Securities act of 1933, registration is required for which of the following securities? A. Eurodollar bonds B. Municipal securities C. American Depositary Receipts (ADRs) D. Securities issued by the federal government {Ans: C. American Depositary Receipts}A married couple who earned income that exceeded $300,000 in each of the prior two years and reasonable expects the same for the current year is: A. A qualified investor B. An accredited investor C. An institutional investor D. A qualified institutional buyer (QIB) {Ans: B. An accredited investor}Which of the following statements is true about all U.S. government agency issues? A. They are exempt from federal taxes B. They are exempt from registration under the Securities Act of 1933 C. They are issued in bearer form