FINRA Series 6 Certification Practice Questions & Answers

Question 6 of 325

SuperDOT is:

A.

an electronic communication network (ECN).

B.

an electronic system whereby trades are executed on NASDAQ.

C.

an electronic system used to place orders on the NYSE.

D.

both A and C.

Question 7 of 325

GoForBroke Investments has registered with the SEC to be a market maker in certain NASDAQ-listed securities. In order to be able to enter bid and ask quotes for the securities in which it is going to make a market, GoForBroke must subscribe to which level of NASDAQ?

A.

Level I

B.

Level II

C.

Level III

D.

Level IV

Question 8 of 325

Which of the following is not a characteristic of all auction stock exchanges in the U.S.?

A.

There is a central marketplace.

B.

Stocks that are traded on the exchange must meet certain listing requirements, determined by the exchange.

C.

In order to conduct a trade on the exchange, a broker must be a member of the exchange or hold a license to trade on the exchange.

D.

If a stock is listed on one of these exchanges, it is not permitted to be listed on any other exchange.

Question 9 of 325

Which of the following is an example of a primary market transaction?

A.

Exco Resources (XCO) sells a new issue of 7.5%, 8-year notes.

B.

Ms. Talker calls her broker and places a market order to sell shares of AT&T (T) on the NYSE.

C.

Mr. Safe purchases a Treasury bill with two weeks remaining to maturity.

D.

Mr. Green places an order to buy shares of Sunvalley Solar, Inc. (SSOL), a stock selling on the OTC Bulletin Board.

Question 10 of 325

NASDAQ is:

A.

an acronym for Norway’s major stock exchange.

B.

the government organization that insures accounts at U.S. brokerage firms.

C.

a computerized system that links together the U.S. regional exchanges.

D.

a computerized quotation system used in the over-the-counter market.