Exam 7 Wrong Answers Flashcards
A workable indication on a block of municipal bonds is
A likely bid price
US Treasury bills offer investors all of the following except
A Fixed interest rate
An investor who buys collateralized mortgage obligations (CMOs) would be subject to prepayment risk under which scenario?
Interest rates fall
Which of the following is a function of the Internal Revenue Service (IRS)?
Determine, assess, and collect personal and corporate taxes
Regulation T requires mutual fund purchases to be paid for no later than
4 business days
If a unit investment trust is ineffective, an order to liquidate may be instigated by the
SEC
What is the security for senior subordinated debentures?
General assets
A long term policy of investing in Treasury bills (T-bills) will result in
Semiannual interest payments
How many days does a broker/dealer firm have to send a copy of the Form U5 to FINRA if they want to terminate a registered representative?
30 days
