Finra Exam Series-6 Topic 10 Question 78 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 78
Topic #: 10

[All Series-6 Questions]

A discretionary account authorization permits a registered representative to decide:

Awhether to make a purchase or a sale.

Bwhat specific asset to purchase or sell.

Chow much of an asset to buy or sell for the account.

Dall of the above.

Show Suggested Answer

Suggested Answer: B

A broker dealer is required to file a Currency Transaction Report with the Treasury Department for any cash transaction exceeding $10,000. The report does not need to be filed if the transaction simply has a market value of $10,000, but does not involve cash (aka, currency.)

by Marya at May 20, 2024, 12:08 PM

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Aleshia

3 days ago

I think the answer is D) all of the above.

upvoted 0 times

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