Bond Mutual Funds: Test Your Investment Knowledge! If you are a beginning investor, it is important to understand the different types of investments work, and one of the most common ones is the bond mutual. By taking this quiz, you will also learn more about bond mutual funds and how to optimize your income through them. Give it a try!
Receive a confirmation before the issue date
Receive a prospectus no later than the confirmation of their purchase
Receive red herring prior to purchase
Pay a commission even if the securities are not purchased
Municipal bonds
Variable annuities
Money market funds
Whole life insurance
The RR did not have to give the complaint to the branch manager unless it contained an allegation that the customer lost money as a result of the reccomendation by the RR
The branch manager must immediately send a copy of the complaint to the NASD Arbitration Department, which will decide if an arbitration hearing is necessary
The branch manager must keep a copy of the complaint in a seperate complaint file, along with a record of action taken on the complaint, if any.
The RR should not have given the complaint to the manager until the client waas contacted and an attempt was made to rectify the complaint.
Ginnie Mae Fund
Municipal bond fund
Leisure stock fund
Precious metals fund
Terminates upon the representative's resignation
Remains effective for five days following termination
Remains effective for 30 days following termination
Remains effective for two years following termination
If the order was unsolicited
If winthrop is not a dealer for the fund
As long as winthrop does not assess a sales charge for the transaction
Under no circumstances
18.00
18.18
22.00
40.00
The account is covered in full as long as the customer is not a partner of the broker dealer
SIPC will cover $500,000 of the accounts value; the customer has no legal recourse on the remaining value of the account
SIPC will over $500,000 of the accounts value; the customer has a claim for the rest as a general creditor of the firm
SIPC will cover $500,000 of the account's value; FDIC will cover the rest of the claim
May not contain performance data
Could be misleading if portrayed in a manner that implied past gains or income produced would be repeated in the future
Must be filed with the SEC within 10 days of use
Filed with the NASD is considered to have been filed with the SEC
Will be taxed to the investor during the accumulation period as ordinary income
Is taxable only to the seperate account
Will increase an annuitant's monthly payment from the annuity
Will have no effect on the investor because the investor is guaranteed only a 4% payment increase during the year
The lesser of 10 years or the life of the company or account
The lesser of 5 years or the life of the company or account
The lesser of 1 year or the life of the company or account
The period since the fund last published performance data
Custodian's
Parent's
Minor's
RR's
The method used to compute a CDSC
The annual payment to the custodian bank
Per-share income and capital changes
Exchange privelages within a family of funds
Decreasing term
Universal
Variable
Split dollar
Treasury bonds
Treasury notes
Treasury bills
Monthly
Quarterly
Annually
At each meeting of the board of directors
Return on a fixed annuity contract
Payment of principal and interest on a US government obligation
Cash value on a variable life insurance policy
Death benefit on a whole life insurance policy
Under no conditions
Only as long as Marjorie remains and employee of the firm
As long as Marjorie is not paid form accounts opened after she retires
There are no conditions placed on this arrangement as long as the contract is legally binding
Rise
Fall
Remain the same
Parallel the prime interest rate
An operating cost of the fund
Part of the acquisition cost (sales charge) the purchaser must pay
A cost to the sponsor (distributor) of the fund
A nonrecurring expense of the sponsor
Employee contributions are fully and immediately vested
Employees must match employee contributions
An employee's taxable income is reduced by employee contributions
Employee contributions grow on a tax deferred basis
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