Orion Series 65 Quick Quiz 18, 19, and 20

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If Janet established a Coverdell Education Savings Account for her grandson, in each successive year, she may contribute:

$2,000.00

In order to be considered a block trade, an order for common stock must be for at least

10,000 shares

A customer who is changing jobs has how many days to roll over a lump sum from a qualified pension plan into an IRA?

60 days.

If the return on Treasury Bills is 3% and the equity risk premium is 4%, the expected equity returns should be:

7%

An order to sell securities where immediate execution is more important than price is called

A market order

Which of the following phrases best describes a prudent date to avoid unfavorable tax consequences?

A trustee who invests with reasonable care, skill, and caution.

If a retiree is paid an annual amount equal to 30% of the average of his last 3 years' salary, which of the following retirement plans offers this type of payment?

Defined benefit pension

Company-sponsored 401(k) retirement programs have which of the following? I. Voluntary employee contributions. II. Voluntary employer contributions.

I and II

Which of the following statements are true about both an individual Roth IRA and a Roth 401(k) plan? I. contributions are made with after-tax dollars. III. if all the conditions are met, withdrawals are tax-free.

I and III

Which of the following statements is TRUE regarding Section 529 Plans? I. Funds withdrawn for qualified education expenses are always free of federal income tax. IV. The maximum contribution limits are determined on a state level.

I and IV

An investor is reviewing his portfolio. To compute the real rate of return on an investment, it would be necessary to know: I. the gain (or loss) recognized on the asset II. the income received from holding the asset III. the rate of inflation

I, II, and III

Which of the following statements about brokers and dealers are TRUE? I. A broker acts as an agent in a trade; it brings buyers and sellers together. II. A dealer acts as a principal in a trade. III. A securities firm may act as both a broker and as a dealer.

I, II, and III

What is the term used to describe a person on the floor of a stock exchange who stands ready to buy or sell shares of specified stocks?

Specialist

If an employer installs a Keogh plan, it must include all full-time employees:

age 21, with at least one year of service.

An exchange specialist is a(n)

dealer on the New York Stock Exchange who executes orders for other brokers and who also acts as a market maker with the responsibility of keeping an orderly market in designated stocks

If an individual makes a withdrawal from her IRA at age 52, she pays no penalty tax if she:

is disabled.

An order to immediately buy or sell a security at the best available price is known as a:

market order.

If an investor buys a utility stock with a stable 5% dividend, and after a year the investor's total return in the stock is 10%, the most likely reason for this is the:

the stock appreciated by 5%

When analyzing a specific common stock, the expected return is:

the sum of a probability distribution of possible returns.

In a qualified plan, if the employer makes all of the contributions, the employee's cost basis is:

zero.


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