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Series 66 Exam Lesson 21 Quiz: Money Market 2024
Series 66 Exam Lesson 21 Quiz
This is a Series 66 Exam Lesson Free Quiz Series 66 Exam Lesson 21 Quiz, Series 66 Exam Lesson 21 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 21 Quiz
This is a Series 66 Lesson 21 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:
Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
1. Which of the following is an example of a money market instrument?
A. treasury bills
B. commercial paper
C. banker’s acceptance
D. all of the above
2. Money market instruments mature in ___.
A. one year or less
B. two years
C. five years
D. ten years or more
3. This is the only type of banker’s acceptance that the Federal Reserve buys.
A. premium banker’s acceptance
B. primary banker’s acceptance
C. prime banker’s acceptance
D. The Federal Reserve does not accept banker’s acceptance.
4. The price of repurchasing a security include a yield.
A. True
B. False
5. A reverse repurchase agreement is an agreement between two parties where one party agrees to sell a block of securities to another party with the agreement that those securities will be repurchased at a later date at a specific price.
A. True
B. False
6. The shortest repurchase agreement is ___.
A. twelve hours
B. overnight
C. two days
D. five days
7. Which is NOT a characteristic of a repurchase agreement?
A. It has a liquidity risk.
B. It has a purchasing power risk.
C. Its interest rate can change overnight.
D. Its interest rates are very low.
8. The reverse repurchase agreement is used primarily by the ___.
A. Federal Reserve
B. government agencies
C. secondary market
D. all of the above
9. A reverse repurchase agreement is also called a matched sale.
A. True
B. False
10. The Federal Reserve is owned by the government.
A. True
B. False
11. Which of the following does the President of the United States have authority to appoint in the Federal Reserve Board?
A. chairman
B. governors
C. both the chairman and the governor
D. neither the chairman nor the governor
12. The Federal Reserve having “open market operations” means ___.
A. It accepts all kinds of financial instruments.
B. It operates 24 hours a day, 7 days a week.
C. It transacts even with those people outside the member banks.
D. all of the above
13. How does the Federal Reserve create liquidity in the market?
A. It buys fixed-income investments.
B. It sells collateralized debt obligations.
C. It sells fixed-income investments.
D. all of the above
14. What does LIBOR stand for?
A. Leicester Internal Bureau of Reserve
B. Leicester International Bank Open Rate
C. London Interbank Offered Rate
D. London International Bank Official Rate
15. These are funds which a member bank of the Federal Reserve leaves on deposit at the Federal Reserve.
A. Federal Asset
B. Federal Deposits
C. Federal Funds
D. Federal Reserve Account
16. What is the Federal Fund rate?
A. the overnight rate which is the daily average of the rates of most member banks
B. the overnight rate which is the highest accounted rate of the day among the member banks
C. the overnight rate which is the rate of the day of the Federal Reserve
D. the overnight rate which is twice the rate of the day of the loaning bank
17. These are dollar-denominated deposits which are held in a bank branch outside the United States.
A. Eurodollars
B. Federal Funds
C. Foreign Deposits
D. all of the above
18. This is the rate for Eurodollars loaned overnight.
A. Eurodollar Overnight Rate
B. Eurodollar Standardized Rate
C. Federal Fund Rate
D. London Interbank Offered Rate
19. The London Interbank Offered Rate is the average of Eurodollar loan rates of five major banks which are all located in London.
A. True
B. False
20. Which of the following is NOT considered as eligible securities for the Federal Reserve to trade in its open market operations?
A. certificate of deposit
B. Fannie Mae
C. treasury bills
D. treasury notes
We hope you did well on this Series 66 Lesson 21 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13
Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 Exam
The Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 21 Quiz: Money Market 2024 appeared first on Audio Lessons for the Series 65 Exam.
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By Franz Amussen
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Series 66 Exam Lesson 21 Quiz
This is a Series 66 Exam Lesson Free Quiz Series 66 Exam Lesson 21 Quiz, Series 66 Exam Lesson 21 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.
Series 66 Lesson 21 Quiz
This is a Series 66 Lesson 21 Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:
Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
1. Which of the following is an example of a money market instrument?
A. treasury bills
B. commercial paper
C. banker’s acceptance
D. all of the above
2. Money market instruments mature in ___.
A. one year or less
B. two years
C. five years
D. ten years or more
3. This is the only type of banker’s acceptance that the Federal Reserve buys.
A. premium banker’s acceptance
B. primary banker’s acceptance
C. prime banker’s acceptance
D. The Federal Reserve does not accept banker’s acceptance.
4. The price of repurchasing a security include a yield.
A. True
B. False
5. A reverse repurchase agreement is an agreement between two parties where one party agrees to sell a block of securities to another party with the agreement that those securities will be repurchased at a later date at a specific price.
A. True
B. False
6. The shortest repurchase agreement is ___.
A. twelve hours
B. overnight
C. two days
D. five days
7. Which is NOT a characteristic of a repurchase agreement?
A. It has a liquidity risk.
B. It has a purchasing power risk.
C. Its interest rate can change overnight.
D. Its interest rates are very low.
8. The reverse repurchase agreement is used primarily by the ___.
A. Federal Reserve
B. government agencies
C. secondary market
D. all of the above
9. A reverse repurchase agreement is also called a matched sale.
A. True
B. False
10. The Federal Reserve is owned by the government.
A. True
B. False
11. Which of the following does the President of the United States have authority to appoint in the Federal Reserve Board?
A. chairman
B. governors
C. both the chairman and the governor
D. neither the chairman nor the governor
12. The Federal Reserve having “open market operations” means ___.
A. It accepts all kinds of financial instruments.
B. It operates 24 hours a day, 7 days a week.
C. It transacts even with those people outside the member banks.
D. all of the above
13. How does the Federal Reserve create liquidity in the market?
A. It buys fixed-income investments.
B. It sells collateralized debt obligations.
C. It sells fixed-income investments.
D. all of the above
14. What does LIBOR stand for?
A. Leicester Internal Bureau of Reserve
B. Leicester International Bank Open Rate
C. London Interbank Offered Rate
D. London International Bank Official Rate
15. These are funds which a member bank of the Federal Reserve leaves on deposit at the Federal Reserve.
A. Federal Asset
B. Federal Deposits
C. Federal Funds
D. Federal Reserve Account
16. What is the Federal Fund rate?
A. the overnight rate which is the daily average of the rates of most member banks
B. the overnight rate which is the highest accounted rate of the day among the member banks
C. the overnight rate which is the rate of the day of the Federal Reserve
D. the overnight rate which is twice the rate of the day of the loaning bank
17. These are dollar-denominated deposits which are held in a bank branch outside the United States.
A. Eurodollars
B. Federal Funds
C. Foreign Deposits
D. all of the above
18. This is the rate for Eurodollars loaned overnight.
A. Eurodollar Overnight Rate
B. Eurodollar Standardized Rate
C. Federal Fund Rate
D. London Interbank Offered Rate
19. The London Interbank Offered Rate is the average of Eurodollar loan rates of five major banks which are all located in London.
A. True
B. False
20. Which of the following is NOT considered as eligible securities for the Federal Reserve to trade in its open market operations?
A. certificate of deposit
B. Fannie Mae
C. treasury bills
D. treasury notes
We hope you did well on this Series 66 Lesson 21 Free Quiz
———————————
The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The other possible exam would be the series 65 examination.
The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 examination. However, the SIE and the Series 7 examination are co-requisites to the Series 66 Examination.
What is the Series 65 Exam?
The Series 65 is another path to becoming an Investment Advisor Representative (IAR)
Sometimes called the IAR in a box
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 66 Exam Free Audio Lesson 13
Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.
The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.
The other possible exam path to become a IAR would be the series 65 examination.
What is the Series 65 Exam?
Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement
The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.
Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.
Series 65 vs Series 66 Exam
The Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.
Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!
The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.
Our other website s for FINRA and other certification Exams include:
https://www.siepodcast.com
https://www.series7podcast.com
https://series66podcast.com
https://series65podcast.com
https://www.series7podcast.com
https://series6lessons.com
https://series22podcast.com
https://insuranceexampodcast.com
https://www.siepodcast.com
https://series79podcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
The post Series 66 Exam Lesson 21 Quiz: Money Market 2024 appeared first on Audio Lessons for the Series 65 Exam.
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