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Question 1 of 10
1. Question
The term “listed non-equity securities” means any non-equity securities that:
Correct
Listed non-equity securities are those that are listed on a national securities exchange, or have unlisted trading privileges on a national securities exchange.
Incorrect
Listed non-equity securities are those that are listed on a national securities exchange, or have unlisted trading privileges on a national securities exchange.
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Question 2 of 10
2. Question
Active securities dealt in on a national securities exchange shall, for margin purposes, be valued at which of the following?
Correct
Current market prices are used for valuation of active securities
Incorrect
Current market prices are used for valuation of active securities
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Question 3 of 10
3. Question
Annualized discount as used with reference to a Treasury bill means the percent discount from the principal amount at which the Treasury bill may be purchased or sold, expressed as a discount for a term to maturity of which of the following period?
Correct
360 days maturity period are required for Treasury bill purchased or sold at an annualized discount
Incorrect
360 days maturity period are required for Treasury bill purchased or sold at an annualized discount
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Question 4 of 10
4. Question
Broad index stock group means an index stock of, which of the following, whose inclusion and relative representation in the group are determined by the inclusion and relative representation of their current market prices in a widely disseminated stock index reflecting the stock market as a whole or an inter-industry sector of the stock market?
Correct
Group of 25 or more stocks is termed as Broad index stock group
Incorrect
Group of 25 or more stocks is termed as Broad index stock group
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Question 5 of 10
5. Question
The terms “call” and “put” as used in connection with an option contract means an option under which the holder has the right, in accordance with the terms of the option, to purchase from or sell to The Options Clearing Corporation:
Correct
The number of shares of the underlying stock and the principal amount of the underlying security
Incorrect
The number of shares of the underlying stock and the principal amount of the underlying security
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Question 6 of 10
6. Question
European-style option means an option contract that can be exercised only at its expiration pursuant to the rules of which of the following authority?
Correct
The Options Clearing Corporation rules suggest the exercise of European-style option on its expiration period.
Incorrect
The Options Clearing Corporation rules suggest the exercise of European-style option on its expiration period.
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Question 7 of 10
7. Question
The term “exercise settlement amount” shall mean the difference between which of the following and the aggregate current index value?
Correct
exercise settlement amount includes aggregate exercise price and aggregate current index value
Incorrect
exercise settlement amount includes aggregate exercise price and aggregate current index value
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Question 8 of 10
8. Question
The term “expiration date” in respect of an option contract means the date and time fixed by the rules of which of the following authority for the expiration of all option contracts covering the same underlying security or underlying index stock group and having the same expiration month as such option contract?
Correct
The Options Clearing Corporation rule state expiration date of an Option contract.
Incorrect
The Options Clearing Corporation rule state expiration date of an Option contract.
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Question 9 of 10
9. Question
The term “index group value,” when used in respect of a currency index warrant or a stock index warrant, shall mean $1.00 (1) multiplied by the numerical value reported for the index that is derived from which of the following prices of the currencies in the index currency group or the stocks in the stock index group and (2) divided by the applicable divisor in the prospectus (if any)?
Correct
Market prices are used in respect of a currency index warrant or a stock index warrant, which shall mean $1.00 (1) multiplied by the numerical value reported for the index.
Incorrect
Market prices are used in respect of a currency index warrant or a stock index warrant, which shall mean $1.00 (1) multiplied by the numerical value reported for the index.
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Question 10 of 10
10. Question
The spot price in respect of a currency warrant on a particular business day means the noon buying rate in U.S. dollars on such day in New York City for cable transfers of the particular underlying currency as certified for customs purposes by which of the following authority?
Correct
Federal Reserve Bank of New York specifies the buying rate for the custom purpose the spot price in respect of a currency warrant on a particular business day
Incorrect
Federal Reserve Bank of New York specifies the buying rate for the custom purpose the spot price in respect of a currency warrant on a particular business day