Series 66 Practice Test Prep 📘

Series 66 Playlist https://youtube.com/playlist?list=PLK1IazV_JQbEcpMelyp4q2wxAuEPVxmvI
1. A. Unsystematic risk
2. C. 20 F
3. B. Quick ratio
4. D. Derivatives
5. D. Futures
6. C. Efficient Market Hypothesis
7. C. Fixed annuity
8. C. Exclusion ratio
9. B. Term insurance
10. A. Options premium
11. D. Limited partners
12. B. S corp
13. D. LLC
14. D. Non financial considerations
15. C. Know your customer
16. C. Capital Asset Pricing Model
17. A. YTM is IRR
18. B. Active management
19. C. Efficient Market Hypothesis
20. D. Dollar Cost Averaging
21. D. Sector rotation
22. A. Gift tax
23. A. UTMA
24. B. Current yield
25. B. Risk adjusted return
26. D. Registration
27. B. Form ADV
28. C. SEC
29. C. All of these offerings are exempt under '33. Verbal errata. I explained correctly but clicked D instead of C. 147 needs be registered under the Uniform Securities Act through Qualification but not registered under '33. Roman Numerals I and II are NOT securities. Roman numeral III is an exempt security. Roman Numeral IV is a safe harbor under 33. RTFA! I read D as all of the above instead of what it read NONE OF THE ABOVE.
30. D. Registration
31. D. Cooling off period
32. A. Accredited Investor
33. A. Reg A and Reg D
34. D. '34
35. C. Form 4
36. C. Insider trading
37. D. Blue sky
38. B. 48 hours with a 5 day free look
39. B. Blue sky
40. D. Retail communication
41. A. Soft dolllars
42. D. Selling away
43. C. Insider trading penalties
44. D. Statute of limitations
45. C. 45 days
46. B. Suspension
47. D. Sharing in customer's account
48. D. Discretionary authority
49. B. Regulation SP
50. B. Loaning money to customers