QUESTION 18 Which of the following statements best describes representativeness? O A. People often make irrational decisions based on information that should have noinfluence on the decision at har O B. People often consider their investment abilities to be much better than theyactually are. O C. People believe the past will persist and will classify new information based onpast experience or classification O D. People tend to follow the actions of a larger group, whether rational or not in aparticular case. QUESTION 19 FINRA-licensed individuals 1. are issued a Central Registration Depository (CRD) number. II. must meet continuing education requirements, known as the firm element, through their broker/dealer each year. Hl. must meet additional continuing education requirements (known as the "regulatory element") at regular intervals. IV. must always maintain an active Series 7 license. OA. I, II, and IV OB. I, II, III, and IV OC. IV only OD. I, II, and III QUESTION 20 All of the following types of accounts are covered by Federal Deposit Insurance Corporation (FDIC) insurance except A. money market mutual funds. OB. certificates of deposit. OC.checking accounts. - D. savings accounts. QUESTION 21 que and submit. Click Save All Answers to save all answers