A. Commission on Uniform Securities Identification Procedure
B. Committee on Uniform Securities Ideal Procedure
C. Committee on Uniform Securities Identification Procedure
D. Commission on Uniform Securities Ideal Procedure

3. ADR stands for ____________.

A. American Depositary Receipt
B. American Deposit Related
C. American Depositary Rating
D. American Deposit Rating

4. _______ were created to attract investors by offering protection against

A. STRIPS
B. Treasury Notes
C. TIPS
D. Treasury Bills

5. Which of the following is not a characteristics of Collateralized mortgage obligations (CMOs)?

A. They are considered very safe because they're tied to mortgages guaranteed
B. Their yield is higher than that of government securities.
C. Payments are received quarterly, instead of every six months.
D. All investors must sign suitability statement saying that they under the

6. The _____ comes out every day, and is the bible of municipal bond

A. Bond Buyer
B. Munifacts
C. Official Statement
D. Underwriting Syndication

7. The ________ requires that any recommendations made to a customer by a municipal bond broker or dealer be appropriate for that customer.

A. Municipal Securities Ruling Bond
B. Options Trading Board
C. Options and Securities Rulemaking Board
D. Municipal Securities Rulemaking Board

8. UGMA stands for _______.

A. Uniform Grant to Minors Act
B. Uniform Grant to Minorities Act
C. Uniform Gift to Minors Act
D. Uniform Gift to Minorities Act

9. For the New York Stock Exchange, a company must have at least ___ million

A. 1.0, 2000, 150
B. 1.0, 3000, 100
C. 1.1, 2000, 100
D. 1.1, 3000, 150

10. ______ is shorthand for regular way settlement.

A. T + 3
B. S + 2
C. Z + 1.5
D. N + 3.5

Answer Key
1. B
2. C
3. A
4. C
5. C
6. A
7. D
8. C
9. C
10. A

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