Series 65 Exam Lesson 15 Free Quiz
This is a Series 65 Exam Lesson 15 Free Quiz which is covering Common Stocks. Try it and see how you do if you need help listen to the lesson over.
Series 65 Lesson 15 Free Quiz
This is a Series 65 Lesson 15 Free Quiz which is covering Common Stocks. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
1. In which of the following sections of the balance sheet is the common stock placed?
A. asset
B. equity
C. liability
D. revenue
2. A common stockholder owns a portion of the company.
A. True
B. False
3. Which of the following can issue common stock?
A. corporations
B. investment companies
C. both corporations and investment companies
D. neither corporations nor investment companies
4. A no par stock means ___.
A. the stock does not have voting rights
B. the stock does not receive dividends
C. the stock has a negligible or very low par value
D. the stock has no intrinsic value
5. Why do stocks have low par value?
A. A low par value allows more people to buy stocks and therefore increasing the company’s equity.
B. Lowering the par value also lowers the tax of the corporation.
C. The low par value ensures that the corporation issues only a sustainable amount of stock.
D. The New York Stock Exchange rules does not allow high par value.
6. These are shares that have been sold and then bought back by the company.
A. authorized shares
B. issued shares
C. outstanding shares
D. treasury shares
7. Which of the following is not included when computing for a company’s earnings per share?
A. authorized shares
B. issued shares
C. outstanding shares
D. treasury shares
8. The ___ handles the transfer of stock from an old stockholder to a new one.
A. bookkeeper
B. registrar
C. rights agent
D. transfer agent
9. Which of the following is true about the rights of a stockholder?
(Select all that apply.)
A. A stockholder has the right to vote at the company’s annual meeting.
B. The amount of votes that a stockholder has is determined by the number of shares he owns.
C. The stockholder has the right to buy shares of stock before they are offered to somebody else at the issue price.
D. The stockholder’s liability is limited to the value of his stocks.
Series 65 Lesson 15 Free Quiz Continued:
10. According to the New York Stock Exchange rules, which of the following does NOT require a stockholder vote?
A. clearance of a stock split
B. declaration of a reverse stock split
C. issuance of convertible bonds
D. purchase of treasury stock
11. Under the New York Stock Exchange rules, a stock dividend can be made by the decision of the Board of Directors as long as the stock dividend is less than ___.
A. 10%
B. 15%
C. 20%
D. 25%
12. Only those stockholders present at the annual meeting can vote.
A. True
B. False
13. A stockholder can change his vote on his proxy statement if he attends the annual meeting.
A. True
B. False
14. Which of the following does NOT allow different classes of common stock?
A. American Stock Exchange
B. NASDAQ
C. New York Stock Exchange
D. All stock exchanges allow for different classes of common stock.
15. According to the Securities Act of ___, a common stockholder has the right to inspect the record book of stockholders.
A. 1933
B. 1934
C. 1943
D. 1944
16. Which of the following are negotiable securities according to the New York Stock Exchange rules?
A. certificates of deposit
B. mutual funds
C. savings bond
D. transfer of ownership
17. A stockholder is not allowed to sell his right to buy a stock.
A. True
B. False
18. In the event of a corporate dissolution or bankruptcy, a common stockholder has the right to the corporate assets.
A. True
B. False
19. The normal settlement states that you need to own the stock and be an owner of record at least ___ business days before the record date in order to be a stockholder of record.
A. one
B. two
C. three
D. four
20. This is the right of a shareholder to maintain his proportionate ownership in a corporation.
A. cum right
B. ex-right
C. preemptive right
D. rights offering
We hope you did well on this Series 65 Lesson 15 Free Quiz
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The Series 65 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.
The other possible exam would be the series 66 examination.
What is the Series 65 Exam?
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 65 to join an RIA firm as a IAR, candidates must complete the exam within 180 minutes. A passing score is 72%, which translates to correctly answering 94 of the 130 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 65 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 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 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.series7podcast.com
https://www.series7podcast.com
https://insuranceexampodcast.com
https://insuranceexampodcast.com
https://www.reexampodcast.com/
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