What would NOT be an example of a fee charged by a fund to incentivize the sale or distribution of a fund? a. 12b-1 fee b. management fee c. front-end load d. back-end load

The principal reason someone would invest in municipal bonds would be their low risk. a. TRUE b. FALSE

When issuing new securities via an IPO, firms will typically need all of the following EXCEPT a. a road show b. investment bankers c. a prospectus d. NYSE listed shares to sell

Securities trading on the Primary market would include all BUT a. mutual fund shares b. shares trading on the NYSE or Nasdaq c. new bond issues d. seasoned equity offerings

Using margin in a brokerage account typically means a. using leverage b. having excess cash on hand c. buying risky securities in a retirement account d. investing in US Treasuries at below par value

What IS TRUE regarding payment for order flow? a. The real cost of a stock trade may not be the same as the commissions or fees advertised to trade b. Your broker is paying the exchanges to ensure you get the best price when trades are executed c. These payments are an insignificant part of trading income for many firms who receive it d. You can't pay both a brokerage commission and a dealer's bid/ask spread on the same trade, so it's a non-issue.

When placing an order to buy a stock with low liquidity or which is volatile in price, one would want to use a a. market order b. limit order c. stop-loss order d. good-til-cancel order

A sell stop or stop loss order is placed: a. above the current price. b. below the current price. c. at the current price. d. at the breakeven point.