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Finra
Securities Industry Essentials
SIE Free Questions
Finra SIE Quiz:1 Topic:5 Questions:1-5

Home
Finra
Securities Industry Essentials
SIE Free Questions
Finra SIE Quiz:1 Topic:5 Questions:1-5

Finra SIE Quiz:1 Topic:5 Questions:1-5

Free Practice Mock Questions Set 1-5 (Quiz # 1) for Finra SIE Exam, according to official Finra Securities Industry Essentials Exam syllabus topic # 5

Question: 1

Which of the following responses best describes how member firms are required to retain electronic correspondence and internal communications of associated persons?

AIn hard copy

BOn the firm's server

CIn the firm's cloud storage

DIn a non-rewriteable format

Answer : D

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Question: 2

A customer buys 100 ABC at $50 and at the same time sells an ABC April 50 call at $8. At expiration, ABC must be at what market price for the customer to break even?

A$42

B$44

C$50

D$58

Answer : A

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Question: 3

Which of the following statements concerning nonqualified deferred compensation plans is true?

AThey are governed by ERISA rules.

BSuch plans must be reviewed with the IRS.

CThe deferred compensation must be held in escrow at a bank.

DA failure of the business could lead to nonpayment of the deferred compensation.

Answer : D

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Question: 4

An investor who lives on a fixed income and is concerned about inflation is most exposed to which of the following risks?

AMarket risk

BEconomic risk

CInterest rate risk

DPurchasing power risk

Answer : D

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Question: 5

A customer has a stock position that has increased in value since the time he purchased it. Which of the following terms describes his current situation?

AInterest income

BUnrealized gain

COperating profit

DOut of the money

Answer : B

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Quiz 1

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