Which of the following is a characteristic of a money market mutual fund?

a) High potential for capital appreciation

b) Guaranteed returns

c) Low risk and liquidity

d) Long-term investment horizon

What is the primary purpose of the Sarbanes-Oxley Act (SOX)?

a) Regulate the trading of securities on stock exchanges

b) Promote fair and efficient markets

c) Provide investor protection through disclosure requirements

d) Improve the accuracy and reliability of corporate financial statements

Which of the following is an example of a non-qualified retirement plan?

a) Individual Retirement Account (IRA)

b) Roth IRA

c) Simplified Employee Pension (SEP) plan

d) 457(b) plan

What does the term "market order" refer to in securities trading?

a) An order to buy or sell a security at the best available price

b) An order to buy or sell a security at a specific price or better

c) An order to buy or sell a security at a specified price or better

d) An order to buy or sell a security at the opening or closing of the market

What is the purpose of a trailing stop order?

a) Lock in profits by automatically selling a security if it increases in price

b) Limit potential losses by automatically selling a security if it decreases in price

c) Guarantee a profit by automatically selling a security if it reaches a specified price

d) Guarantee a profit by automatically buying a security if it reaches a specified price

Which of the following is a characteristic of a 457(b) retirement plan?

a) Contributions are tax-deductible

b) Withdrawals in retirement are tax-free

c) There is no annual contribution limit

d) Contributions are made by non-profit organizations