Series 54 Sample Questions
Our Questions Mimic the Real Exam
Our courses reinforce retention over memorization with in-depth content and practice questions that mimic the actual test — so there are no surprises come exam day.
Closed & Open Stem
Most/Least/Best
Except or Not
Complex Multiple Choice
Which of the following would most likely not be considered general information by the SEC?
A.
A description of a firm’s past municipal securities transactions, including detail about a revenue bond issuance for which it served as underwriter
B.
Information about the pros and cons of issuing variable rate debt, and an explanation of why variable rate debt would be a good fit for the municipality’s planned project
C.
A list of current market interest rates for 10-year revenue bonds, which the municipal entity requested
D.
A list of current market interest rates that give a sense of what the municipal entity could expect to pay for issuing debt
Question oneA financial advisor to a municipal bond offering is allowed to serve as a placement agent to the offering:
A.
Under limited circumstances; however, the advisor may not be paid for its role as placement agent
B.
Under limited circumstances, and the advisor may be paid for its role as placement agent
C.
Under no circumstances
D.
In most cases, as long as the advisor is not paid for its role as placement agent
By what day must a municipal advisor submit quarterly statements on political contributions to the MSRB?
A.
Within 17 days of the end of the firm’s fiscal quarter
B.
Within 17 days of the end of the calendar quarter
C.
On the last day of the quarter
D.
By the last day of the month following the end of each the calendar quarter