1. Which of the following is(are) self-regulatory organizations (SROs)?
   

   I. National Association of Securities Dealers (NASD)
   II. New York Stock Exchange (NYSE)
   III. Chicago Stock Exchange
   IV. Chicago Board Options Exchange
   

   a. I only
   b. I and II only
   c. I, II, and IV only
   d. I, II, III, and IV
   
   

2. All of the following are exempt securities under the Securities Act of 1933 EXCEPT:
   a. US Treasury issue.
   b. Municipal issue.
   c. New issue of corporate stock.
   d. Building and loan association issue.
   
   
3. A customer executes various transactions during the year and realizes a $10,000 net capital loss. What amount can be written off against ordinary income?
   a. $ -0-
   b. $1,500
   c. $3,000
   d. $10,000
   
   
4. A customer of a brokerage firm in liquidation has an individual account with $300,000 in securities. The customer and his wife have a joint account with $500,000 in securities. The wife has an individual account with $300,000 in securities. What will the customers receive under SIPC?
   a. $300,000 for the husband's individual account and $200,000 for the joint account.
   b. $300,000 for the husband's account and $300,000 for the wife's account.
   c. All of the securities for a total of $1,100,000.
   d. The husband would receive $100,000 in securities in the individual account and $100,000 in securities from the joint account, and the wife would receive $100,000 in securities in her individual account and $100,000 in securities from the joint account.
   
   
5. In which type of account would assets be most readily passed on to a person's estate.
   a. Joint Tenants with Rights of Survivorship (JTWROS)
   b. Tenants-in-common.
   c. Corporate.
   d. Partnership.
   
   
6. All of the following would be considered broad based stock indexes EXCEPT:
   a. S&P 100 Index.
   b. Major Market Index.
   c. Computer Technology Index.
   d. S&P 500 Index.
   
   
7. If the rate of inflation declines rapidly, what is the effect on the market price of a bond?
   a. It will decrease.
   b. It will increase.
   c. It will cause substantial fluctuations in the price.
   d. It will have no effect.
   
   

Answer Key to Additional Sample Questions