最新なFINRA Series6問題集（325題）、真実試験の問題を全部にカバー！

質問 1：
Brian is single and 32 years old. He is employed as a buyer for a large sporting goods retail chain and
participates in an employer-matched 401(k) plan. He remembers hearing about the benefits of passively
managed portfolios in a college investments course he took. Therefore, he is directing 100% of his 401(k)
monies into an S&P 500 Index fund. He has also been investing all of his discretionary income into a
regular account with the same S&P 500 Index fund. Brian's goal is to retire no later than his 55th birthday.
Is this the best investment strategy for him?
A. Yes. Because index funds are passively managed, they don't have as high a turnover rate, and lower
turnover rates result in lower tax bills for the investor. Brian gets diversification and a lower tax bill.
B. Yes. He is investing in a diversified portfolio of stocks that is passively managed, so he isn't having to
pay big management fees.
C. No. The S&P 500 Index consists only of large, domestic stocks, so Brian isn't as diversified as he could
be, and his investments may not grow fast enough for him to retire on his 55th birthday.
D. Both A and B are reasons that Brian's strategy is the best strategy for him.
正解：C
解説: (Pass4Test メンバーにのみ表示されます)

質問 2：
Which of the following statements about hedge funds is true?
A. They are considered to be very liquid investments.
B. They have low management fees, like index funds.
C. They are not regulated by the Investment Company Act of 1940.
D. They are fairly low risk since the portfolio managers use investment strategies designed to "hedge their
bets."
正解：C
解説: (Pass4Test メンバーにのみ表示されます)

質問 3：
Which of the following bonds will experience the greatest percentage change in price for a given change
in interest rates?
A. a bond with 5 years to maturity that pays a 5% coupon
B. a bond with 10 years to maturity that pays a 5% coupon
C. a bond with 10 years to maturity that pays a 7% coupon
D. a bond with 5 years to maturity that pays a 7% coupon
正解：B
解説: (Pass4Test メンバーにのみ表示されます)

質問 4：
The Securities Act of 1933 did what?
A. It established the SEC as the regulatory agency for the secondary market.
B. It established the requirement that new securities be registered.
C. All of the above are correct answers.
D. It established the requirement that investment advisers be registered with the SEC.
正解：B
解説: (Pass4Test メンバーにのみ表示されます)

質問 5：
Sarah Bean is a registered representative with NewWave Investments, a family of mutual funds. She has
recommended one of NewWave's funds to a client and given him a prospectus. The prospectus provides
information about the fund's breakpoints and indicates that an investment of $25,000 or more will lead to
a reduced front-end load. The prospectus also clearly explains the details of a letter of intent. Sarah's
client invests $23,000 in the fund then and there without even opening the prospectus. Has Sarah violated
any of FINRA's rules of conduct?
A. Yes. Sarah is not permitted to accept funds from a client without the presence of her immediate
supervisor.
B. No. Sarah properly provided her client with a prospectus prior to selling him shares of the fund.
C. Yes. Sarah is required to explain the concepts of breakpoints and letters of intent to her client.
D. Yes. Sarah needed to tell her client that he would have to read through the prospectus to ensure he
understood all aspects of the investment before she could take any money from him.
正解：C
解説: (Pass4Test メンバーにのみ表示されます)

質問 6：
Nat Informed places a market order to buy 200 shares of Abercrombie & Fitch (ANF) on Thursday,
September 16th.When will Nat be required to pay for this Transaction?
A. by the end of the trading on September 15th.
B. on Friday, September 17th.
C. on the next trading day, September 16th.
D. on Tuesday, September 21st.
正解：D
解説: (Pass4Test メンバーにのみ表示されます)

質問 7：
One difference between a unit investment trust (UIT) and a closed-end fund is that
A. shares of closed-end funds trade on the exchange floors, unlike shares of UITs.
B. closed-end funds are established with a termination date, unlike UITs.
C. the shares of UITs are redeemable, whereas the shares of closed-end funds are not.
D. unlike UITs, closed-end funds have a fixed number of shares.
正解：C
解説: (Pass4Test メンバーにのみ表示されます)

質問 8：
Under current tax laws, which of the following distributions received from a mutual fund qualify for
preferential tax treatment?
I. short-term capital gains
II. long-term capital gains
III. qualifying dividends
IV. non-qualifying dividends
A. II and III only
B. III only
C. I, II, III, and IV
D. I, II, and III only
正解：A
解説: (Pass4Test メンバーにのみ表示されます)