Series 7 Exam; Series 7 Study Guide Lessons and Information

Investment Company Act of 1940 Quiz The Investment Company Act of 1940 Quiz, This is a Quiz from Series 7 Exam Quiz Lesson 42 Investment Company Act of 1940 Quiz The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes. The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 74 lessons and a Total Length 32 hours 27 Min The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

Series 7 Top-Off Exam Quiz Lesson 55 Options pt 6 This is a Quiz from Series 7 Exam Quiz Lesson 55 Options Pt 6 spreads The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes. The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 74 lessons and a Total Length 32 hours 27 Min The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

Series 7 Top-Off Exam Quiz Lesson 54 Options pt 5 This is a Quiz from Series 7 Exam Quiz Lesson 54 Options Pt 5 spreads The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes. The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 74 lessons and a Total Length 32 hours 27 Min The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

Series 7 Top-Off Exam Quiz Lesson 53 Options pt 4 This is a Quiz from Series 7 Top-Off Exam Quiz Lesson 53 Options Pt 4 spreads The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes. The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 74 lessons and a Total Length 32 hours 27 Min The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

Series 7 Top-Off Exam Quiz Lesson 52 Options pt 3 This is a Quiz from Series 7 Top-Off Exam Quiz Lesson 52 Options Pt 3 call and Put Options The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes. The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 74 lessons and a Total Length 32 hours 27 Min The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

2024 Series 7 Top-Off Exam Quiz Lesson 51 Options pt 2 This is a Quiz from Series 7 Top-Off Exam Quiz Lesson 52 Options Pt 2 call and Put Options The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes. The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 74 lessons and a Total Length 32 hours 27 Min The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

Series 7 Top-Off Exam Quiz Lesson 50 Options pt 1 This is a Quiz from Series 7 Top-Off Exam Quiz Lesson 50 Options Pt 1 call and Put Options The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes. The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 76 lessons and a Total Length over 33 hours The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

Series 7 Top-Off Exam Lesson 15.1 Risks of Defined Benefit Plans This is Series 7 Top-Off Exam on the Risks of Defined Benefit Plans In this Lesson we outline the many risks of Defined Benefit Plans. These risks include Market Risk Interest Rate Risks Political Risks Management Risk Actuary Risks Investment Risks and more Series 7 Top-Off Exam Quiz Lesson 6 Securities Act of 1933 The Series 7 Top-Off Study Guide Audio Lessons for the New Series 7 Exam is the most comprehensive set of audio lessons which is available for the preparation to take the New Series 7 Top off Examination the course consists of 74 lessons which amounts to 32 hours and 27 min. in total length. Audio lessons are a supplement and not a substitute for the book learning that you should also be doing. Audio lessons simply allow you to learn comprehend and reinforce what you should also be learning through normal studying methods such as attending classes, reading books, and taking practice quizzes. The full table of contents for the Series 7 Top-Off Study Guide is located here The New Series 7 Top- Off Study Guide Audio Lessons is 76 lessons and a Total Length over 33 hours The full table of contents for the Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam is located here Effective October 1, 2018 Financial Industry Regulatory Authority (FINRA) changed the licensing of those that wish to work in the financial services industry. There is now a required prerequisite for most of the Licensing tests and this is the Securities Industry Essentials Exam Securities Industry Essentials Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Unlike the licensing exams such as the Series 4, 6, 7, 9, 10… which require the candidate to be employed by a member firm, Securities Industry Essentials Exam is open to anyone over the age of 18 including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. Essentials exam results are valid for four years. Check out our podcast for the SIE Exam Here is a link to our other study products

Series 7 Top-Off Exam Quiz Lesson 47 Annuities This is Series 7 Top-Off Exam Quiz Lesson 47 Annuities 1. It is a contract wherein the buyer make payments and after some time, the insurance company will make a series of payments back to the buyer. A. annuity contract B. bond contract C. option contract D. variable contract 2. Which of the following is NOT true regarding the selling of an annuity contract? A. The seller of an annuity contract has to have an insurance license. B. The insurance license for selling an annuity contract is regulated at the national level. C. The insurance license for selling an annuity contract is issued by the state. D. All of the above are true regarding the selling of an annuity contract. 3. The earnings on the accumulated funds in an annuity grow tax-deferred. A. True B. False 4. Annuity contracts are sold by investment advisors. A. True B. False 5. Insurance company accounting is quite different from generally accepted accounting principles. A. True B. False 6. Which is the correct formula for a combined ratio? A. (earned premiums – insured losses) ÷ expense of the company B. (insured losses + expense of the company) ÷ earned premiums C. earned premiums ÷ (insured losses + expense of the company) D. expense of the company ÷ (earned premiums – insured losses) 7. An insurance company had an insurance losses of $10 million, expenses of $3.5 million, and an earned premium of $9 million. What is the combined ratio? A. 29% B. 67% C. 150% D. 350% 8. An insurance company is paying out more money than it earns when the combined ratio is ___. A. a negative percentage B. above 100% C. below 100% D. equal to 100% 9. Which of the following is true about a long tail business? A. It happens when insurance premiums are collected over the years while it takes a long time before a claim arrives (e.g. medical malpractice insurance). B. It happens when the combined ratio is greater than 100%. C. It happens when the interest rates are low causing a higher investment income. D. It happens when there is an investment profit that is not calculated in the combined ratio. 10. In a variable annuity, the insurance company guarantees the annuitant a specific rate of return on his investment over a certain period of time. A. True B. False 11. In a fixed annuity, if interest rates are low, the offer of the insurance company would be ___. A. high B. low C. fixed regardless of the interest rates D. The offer of the insurance company may vary but is independent from the interest rate. 12. In calculating how much a life annuity is going to pay an annuitant, an insurance company takes into consideration the annuitant’s ___. (Select all that apply.) A. age B. financial status C. gender D. health 13. It is an annuity wherein a beneficiary could still receive the monthly payments even if the owner of the annuity has already died. A. joint and last survivor annuity B. life annuity C. life annuity with a period certain D. unit refund life annuity 14. Which of the following is true about joint and last survivor annuity? (Select all that apply.) A. It would pay the annuitant until he dies. B. It would pay the annuitant’s spouse until the spouse dies. C. It would pay the annuitant’s children until the last child dies. D. It would pay the annuitant’s estate until a certain period of time. 15. In a unit refund life annuity, if the annuitant and the beneficiary dies before receiving the total investment back, the annuitant’s estate gets a refund of ___. A. half the remaining investment value of the contract B. quarter of the remaining investment value of the contract C. the remaining investment value of the contract D. twice the remaining investment value of the contract 16. Which of the following is true in an annuity that pays for a specified period of time? (Select all that apply.) A. If the annuitant dies before the specified period...

Series 7 Top-Off Exam Quiz Lesson 46 Unit Investment Trusts This is Series 7 Top-Off Exam Quiz Lesson 46 Unit Investment Trusts 1. It is a specific portfolio of bonds that is self-liquidating. A. unit investment trust B. open-end mutual fund C. closed-end mutual fund D. hedge fund 2. The unit investment trust is regulated by the Investment Company Act of 1940. A. True B. False 3. What is the implication of a unit investment trust being self-liquidating? A. The investor will get back over time the principal plus interest. B. The net asset value of the trust is independent from the market value. C. The trust is free from ownership risk. D. There is a constant interest rate until the trust’s maturity. 4. Which of the following is true about a unit investment trust which invests in fixed income investments? (Select all that apply.) A. Buying the trust is buying shares of beneficial interest. B. Holding the unit investment trust to its maturity returns the investment (assuming no defaults). C. If the trust is sold prior to maturity, it has more interest rate risk than other fixed income portfolio. D. Unlike a bond, this trust is a fixed portfolio. 5. A fixed income unit investment trust differs from an open-end mutual fund in such a way that ___. (Select all that apply.) A. A fixed income unit investment trust is self-liquidating; an open-end mutual fund is not. B. An open-end mutual fund has breakpoints; a fixed income unit investment trust has none. C. An open-end mutual fund is perpetual; a fixed income unit investment trust is not. D. An open-end mutual fund pays a little, if any, management fee; a fixed income unit investment trust pays very high management fees. 6. A unit investment trust does not expand nor contract in size once issued. A. True B. False 7. Unit investment trusts can invest in ___. (Select all that apply.) A. closed-end funds B. corporate bonds C. government securities D. equities 8. The shares of beneficial interest in a unit investment trust can be redeemed prior to maturity. A. True B. False 9. A unit investment trust that invests in a master limited partnership will receive a ___ at the end of the year. A. 1099-DIV B. 1601F C. CF-213 D. K-1 10. A trust invests in a closed-end fund. The fund’s net asset value is $28.74. It currently trades at $29.03. What is the percentage of the premium? A. 0.01% B. 0.09% C. 0.99% D. 1% 11. It is a unit investment trust used to fund variable annuities. A. fixed income unit investment trust B. municipal bond unit investment trust C. participating unit investment trust D. stock unit investment trust 12. In a fixed income unit investment trust, if any of the bonds in the fund default, the principal that the investor would be getting back would ___. A. increase B. decrease C. remain the same D. be equal to the market value 13. A unit investment trust that invests in US government bonds that is held in maturity is NOT subject to ___. A. credit worthiness risk B. currency risk C. interest rate risk D. principal risk 14. What is the advantage of buying a unit investment trust that strictly invests in a master limited partnership (compared with a unit investment trust that invests in closed-end funds that invest in the same master limited partnership)? (Select all that apply.) A. It avoids paying several management fees. B. It can generate more income because the management fees are lower. C. It has lower interest rate risk. D. It receives the simpler 1099-DIV at the end of the year. 15. These are risk-free investments. A. direct government securities B. closed-end funds C. unit investment trusts D. treasury bonds 16. When a unit investment trust closes, the investor can ___. (Select all that apply.) A. get the proportion of the securities held in the trust B. roll it over into the next unit investment trust C. sell the shares D. take a liquidation 17.