Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
Certdemhy free practice questions
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
How many percent does need in margin requirements for Over 10 percent and under 15 percent in Percent of Outstanding Shares?
Correct
According to FINRA rule 4210, It needs 30 percent in margin requirements for Over 10 percent and under 15 percent in Percent of Outstanding Shares. While Up to 10 percent needs 25 percent Margin Requirement, 15 percent and under 20 percent needs 45 percent Margin Requirement and 20 percent and under 25 percent needs 60 percent Margin Requirement.
Incorrect
According to FINRA rule 4210, It needs 30 percent in margin requirements for Over 10 percent and under 15 percent in Percent of Outstanding Shares. While Up to 10 percent needs 25 percent Margin Requirement, 15 percent and under 20 percent needs 45 percent Margin Requirement and 20 percent and under 25 percent needs 60 percent Margin Requirement.
-
Question 2 of 10
2. Question
What is American-style option mean?
Correct
According to FINRA rule 4210 the American-style option mean is Option contract that can be exercised at any time prior to its expiration pursuant to the rules of The Options Clearing Corporation. Not The exercise price of the option contract times the index multiplier, the actual elapsed days in each calendar month shall be used in determining the number of days in a period and the interest on the bonds for a full year, computed for the number of days elapsed since the previous interest date on the basis of a 360-day-year
Incorrect
According to FINRA rule 4210 the American-style option mean is Option contract that can be exercised at any time prior to its expiration pursuant to the rules of The Options Clearing Corporation. Not The exercise price of the option contract times the index multiplier, the actual elapsed days in each calendar month shall be used in determining the number of days in a period and the interest on the bonds for a full year, computed for the number of days elapsed since the previous interest date on the basis of a 360-day-year
-
Question 3 of 10
3. Question
What is box spread mean?
Correct
Incorrect
-
Question 4 of 10
4. Question
What is broad index stock group mean?
Correct
According to FINRA rule 4210, broad index stock group is an index stock group of 25 or more stocks whose inclusion and relative representation in the group. Not 50, 70, and 100 stocks.
Incorrect
According to FINRA rule 4210, broad index stock group is an index stock group of 25 or more stocks whose inclusion and relative representation in the group. Not 50, 70, and 100 stocks.
-
Question 5 of 10
5. Question
Which of the following describes type option Foreign Currency Options and Warrants*?
I. 4 percent of Initial and/or Maintenance Margin Required
II. ¾ percent of Minimum Margin Required
III. The underlying principal amount for Underlying Component Value
IV. 1/2 percent of Initial and/or Maintenance Margin RequiredCorrect
According to FINRA rule 4210, the following describes type option Broad index stock group:
(a) .35 percent of Initial and/or Maintenance Margin Required
(b). 1/20 percent of Minimum Margin Required
(c) The underlying principal amount for Underlying Component ValueIncorrect
According to FINRA rule 4210, the following describes type option Broad index stock group:
(a) .35 percent of Initial and/or Maintenance Margin Required
(b). 1/20 percent of Minimum Margin Required
(c) The underlying principal amount for Underlying Component Value -
Question 6 of 10
6. Question
What is European-style option mean?
Correct
According to FINRA rule 4210, European-style option mean is an option contract that can be exercised only at its expiration pursuant to the rules of The Options Clearing Corporation. While the term “exercise price” in respect of an option or warrant contract means the stated price per unit at which the underlying security may be purchased (in the case of a call) or sold (in the case of a put) upon the exercise of such option contract, the term “exercise settlement amount” shall mean the difference between the “aggregate exercise price” and the “aggregate current index value” (as such terms are defined in the pertinent By-Laws of The Options Clearing Corporation) and the term “expiration date” in respect of an option contract means the date and time fixed by the rules of the Options Clearing Corporation 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.
Incorrect
According to FINRA rule 4210, European-style option mean is an option contract that can be exercised only at its expiration pursuant to the rules of The Options Clearing Corporation. While the term “exercise price” in respect of an option or warrant contract means the stated price per unit at which the underlying security may be purchased (in the case of a call) or sold (in the case of a put) upon the exercise of such option contract, the term “exercise settlement amount” shall mean the difference between the “aggregate exercise price” and the “aggregate current index value” (as such terms are defined in the pertinent By-Laws of The Options Clearing Corporation) and the term “expiration date” in respect of an option contract means the date and time fixed by the rules of the Options Clearing Corporation 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.
-
Question 7 of 10
7. Question
Which of the following describe out-of-the-money amounts in Stock Options in Index Stock Group Options, Currency Index Warrants, and Stock Index Warrants?
I. Any excess of the aggregate exercise price of the option or warrant over the product of the index group value and the applicable multiplier.
II. Any excess of the product of the index group value and the applicable multiplier over the aggregate exercise price of the option or warrant.
III. Any excess of the current market value of the underlying principal amount over the aggregate exercise price of the option.
IV. Any excess of the aggregate exercise price of the option over the current market value of the underlying principal amount.Correct
According to FINRA rule 4210 the following describe out-of-the-money amounts in Stock Options in Index Stock Group Options, Currency Index Warrants, and Stock Index Warrants:
(a) Any excess of the aggregate exercise price of the option or warrant over the product of the index group value and the applicable multiplier.
(b) Any excess of the product of the index group value and the applicable multiplier over the aggregate exercise price of the option or warrant.Incorrect
According to FINRA rule 4210 the following describe out-of-the-money amounts in Stock Options in Index Stock Group Options, Currency Index Warrants, and Stock Index Warrants:
(a) Any excess of the aggregate exercise price of the option or warrant over the product of the index group value and the applicable multiplier.
(b) Any excess of the product of the index group value and the applicable multiplier over the aggregate exercise price of the option or warrant. -
Question 8 of 10
8. Question
What is expiration date mean in respect of an option contract?
Correct
According to FINRA rule 4210, expiration date mean in respect of an option contract mean is the date and time fixed by the rules of The Options Clearing Corporation 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. While exercise settlement amount mean is the difference between the “aggregate exercise price” and the “aggregate current index value” (as such terms are defined in the pertinent By-Laws of The Options Clearing Corporation), exercise price mean in respect of an option or warrant contract is the stated price per unit at which the underlying security may be purchased (in the case of a call) or sold (in the case of a put) upon the exercise of such option contract, European-style option mean is an option contract that can be exercised only at its expiration pursuant to the rules of The Options Clearing Corporation
Incorrect
According to FINRA rule 4210, expiration date mean in respect of an option contract mean is the date and time fixed by the rules of The Options Clearing Corporation 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. While exercise settlement amount mean is the difference between the “aggregate exercise price” and the “aggregate current index value” (as such terms are defined in the pertinent By-Laws of The Options Clearing Corporation), exercise price mean in respect of an option or warrant contract is the stated price per unit at which the underlying security may be purchased (in the case of a call) or sold (in the case of a put) upon the exercise of such option contract, European-style option mean is an option contract that can be exercised only at its expiration pursuant to the rules of The Options Clearing Corporation
-
Question 9 of 10
9. Question
What is index multiplier mean as used in reference to an index option contract?
Correct
According to FINRA rule 4120, index multiplier mean as used in reference to an index option contract is The amount specified in the contract by which the index value is to be multiplied to arrive at the value required to be delivered to the holder of a call or by the holder of a put upon valid exercise of the contract . While exercise settlement amount mean is the difference between the “aggregate exercise price” and the “aggregate current index value” (as such terms are defined in the pertinent By-Laws of The Options Clearing Corporation), exercise price mean in respect of an option or warrant contract is the stated price per unit at which the underlying security may be purchased (in the case of a call) or sold (in the case of a put) upon the exercise of such option contract, European-style option mean is an option contract that can be exercised only at its expiration pursuant to the rules of The Options Clearing Corporation
Incorrect
According to FINRA rule 4120, index multiplier mean as used in reference to an index option contract is The amount specified in the contract by which the index value is to be multiplied to arrive at the value required to be delivered to the holder of a call or by the holder of a put upon valid exercise of the contract . While exercise settlement amount mean is the difference between the “aggregate exercise price” and the “aggregate current index value” (as such terms are defined in the pertinent By-Laws of The Options Clearing Corporation), exercise price mean in respect of an option or warrant contract is the stated price per unit at which the underlying security may be purchased (in the case of a call) or sold (in the case of a put) upon the exercise of such option contract, European-style option mean is an option contract that can be exercised only at its expiration pursuant to the rules of The Options Clearing Corporation
-
Question 10 of 10
10. Question
What is listed mean as used with reference to a call or put option contract?
Correct
According to FINRA rule 4210, listed mean as used with reference to a call or put option contract is an option contract that is traded on a national securities exchange or issued and guaranteed by a registered clearing agency and shall include an OCC Cleared OTC Option (as defined in Rule 2360). While exercise settlement amount mean is the difference between the “aggregate exercise price” and the “aggregate current index value” (as such terms are defined in the pertinent By-Laws of The Options Clearing Corporation), exercise price mean in respect of an option or warrant contract is the stated price per unit at which the underlying security may be purchased (in the case of a call) or sold (in the case of a put) upon the exercise of such option contract, European-style option mean is an option contract that can be exercised only at its expiration pursuant to the rules of The Options Clearing Corporation.
Incorrect
According to FINRA rule 4210, listed mean as used with reference to a call or put option contract is an option contract that is traded on a national securities exchange or issued and guaranteed by a registered clearing agency and shall include an OCC Cleared OTC Option (as defined in Rule 2360). While exercise settlement amount mean is the difference between the “aggregate exercise price” and the “aggregate current index value” (as such terms are defined in the pertinent By-Laws of The Options Clearing Corporation), exercise price mean in respect of an option or warrant contract is the stated price per unit at which the underlying security may be purchased (in the case of a call) or sold (in the case of a put) upon the exercise of such option contract, European-style option mean is an option contract that can be exercised only at its expiration pursuant to the rules of The Options Clearing Corporation.