Series 65 Exam Lesson 18 Quiz
This is a Series 65 Exam Lesson 18 Quiz, Exam Lesson 18 Free Quiz which is covering Fixed Income. Try it and see how you do if you need help listen to the lesson over.
Series 65 Lesson 18 Quiz
This is a Series 65 Lesson 18 Quiz which is covering Fixed Income. Try it and see how you do if you need help listen to the lesson over.
Questions covered include
Questions:
1. Which of the following is an example of a fixed income investment?
A. bond
B. government note
C. collateralized mortgage obligations
D. all of the above
2. In fixed income investments, the par value ___.
A. is greater than the maturity value
B. is less than the maturity value
C. is equal to the maturity value
D. varies with the maturity value but with no general trend
3. Maturity value is the value the investor gets when his fixed income investment matures.
A. True
B. False
4. This is the date when the investor gets back the par value of his fixed income investment.
A. call date
B. declaration date
C. maturity date
D. payable date
5. Fixed income investments have stated interest rates except for ___.
A. serial bonds
B. series bonds
C. term bonds
D. zero coupon bonds
6. US government bonds have no call features.
A. True
B. False
7. Sinking funds are ___.
A. bonds that have depreciated its par value
B. a portion of money set aside every year to buy back the issued bonds
C. the difference between the bond’s par value and the yield of maturity
D. all of the above
8. Which of the following is associated with collateralized mortgage obligations?
A. Ginnie Mae
B. government bill
C. sinking funds
D. all of the above
9. These bonds are bought at a discount and mature at par value.
A. serial bonds
B. series bonds
C. term bonds
D. zero coupon bonds
10. These are bonds that have varying maturity dates that carry different interest rates.
A. serial bonds
B. series bonds
C. term bonds
D. zero coupon bonds
Series 65 Exam Lesson 18 Quiz: Fixed Income 1: Continued
11. Which of the following does a zero coupon bond have?
A. interest rate
B. interest payment date
C. discount
D. all of the above
12. Which of the following does a term bond have?
A. interest rate
B. interest payment date
C. maturity date
D. all of the above
13. In a zero coupon bond, the difference between the value of the bond when it is bought and the value of the bond when it matures is the calculated yield.
A. True
B. False
14. Serial bonds are issued in a series of steps according to the cash needs of the issuer.
A. True
B. False
15. In the normal yield curve environment, ___.
A. the shorter the maturity on a fixed income investment, the lower the par value
B. the shorter the maturity on a fixed income investment, the higher the par value
C. the shorter the maturity on a fixed income investment, the lower the yield
D. the shorter the maturity on a fixed income investment, the higher the yield
16. In an inverted yield curve, ___.
A. the shorter the maturity on a fixed income investment, the lower the par value
B. the shorter the maturity on a fixed income investment, the higher the par value
C. the shorter the maturity on a fixed income investment, the lower the yield
D. the shorter the maturity on a fixed income investment, the higher the yield
17. When buying a discounted bond in the secondary market, which of the following is the correct set of yield in order of increasing value?
A. coupon yield, current yield, yield to maturity
B. yield to maturity, coupon yield, current yield
C. current yield, coupon yield, yield to maturity
D. All of the three yields would have equal value.
18. When buying a bond at par, which of the following is the correct set of yield in order of increasing value?
A. coupon yield, current yield, yield to maturity
B. yield to maturity, coupon yield, current yield
C. current yield, coupon yield, yield to maturity
D. All of the three yields would have equal value.
19. Bond accretion is the devaluation of the bond at par when the bond was bought at premium.
A. True
B. False
20. In a tax exempt bond at a premium, the amortized portion of the premium is deducted from the income of the buyer of the bond.
A. True
B. False
We hope you did well on this Series 65 Lesson 18 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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