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Additional questions address fixed annuity return mechanics, which balance-sheet items are affected by bond issuance, criminal penalties under the Uniform Securities Act, mutual fund safekeeping roles, and characteristics of money market instruments.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/series-65-practice-questions/400645/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/series-65-practice-questions/400645.png","ImageObject",300,407,{"name":42,"@type":43},"404brain","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-11-02","2026-09-27",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",11,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What concept does LIBOR most likely refer to in finance?","Question",{"text":63,"@type":64},"LIBOR is associated with long-term borrowing rates.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How is the risk-free rate of return commonly measured in these questions?",{"text":68,"@type":64},"A 90-day Treasury bill is used to measure the risk-free rate of return.",{"name":70,"@type":61,"acceptedAnswer":71},"What does a money market instrument represent according to the questions?",{"text":72,"@type":64},"Money market instruments are short-term debt instruments.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},400645,1790648936,{"code":4,"msg":82,"data":83},"success",[84,88,92,95,100,105,110,115,120,123,127],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":93,"slug":94},70,"exam",{"id":96,"doc_module":4,"doc_module_name":25,"category_name":97,"show_sort_weight":98,"slug":99},5,"Comic",60,"comic",{"id":101,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},6,"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},7,"Healthcare",40,"healthcare",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":112,"show_sort_weight":113,"slug":114},8,"Research & Report",30,"research-report",{"id":116,"doc_module":4,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},9,"Religion & Spirituality",20,"religion-spirituality",{"id":118,"doc_module":4,"doc_module_name":25,"category_name":121,"show_sort_weight":118,"slug":122},"World Cup","world-cup",{"id":124,"doc_module":4,"doc_module_name":25,"category_name":125,"show_sort_weight":124,"slug":126},10,"Lifestyle","lifestyle",{"id":128,"doc_module":4,"doc_module_name":25,"category_name":129,"show_sort_weight":96,"slug":130},19,"General","general",{"code":4,"msg":82,"data":132},{"doc_id":79,"user_id":133,"nickname":42,"user_avatar":134,"doc_module":4,"category_id":33,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":26,"language":140,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":12,"update_tm":144,"read_time":96,"preview_page_count":4},1099529839291,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","1) Which of the following statements regarding a $1,000 corporate 8.50% bond offered at 110 is true?  \na. The bond is a discount bond.  \nb. The bond’s current yield is lower than its yield to maturity.  \nc. The bond’s current yield is calculated by dividing its annual interest by its market price.  \nd. To determine the bond’s current yield, its stated rate must be compared against other fixed-rate investments in the client’s portfolio.  \n2) A customer has contributed $1,000 a year for 10 years to his tax-deferred nonqualified variable annuity. The value of the separate account is now $30,000 . If the customer takes a withdrawal of $10,000, what are the tax consequences?  \na. The entire $10,000 is taxable as ordinary income.  \nb. There is no tax as the withdrawal is considered return of capital.  \nc. Two-thirds of the withdrawal is taxable as ordinary income.  \nd. Any tax due is deferred.  \n3) If a group of money managers were having a discussion and the term LIBOR was mentioned, the topic would most likely be:  \na. Contract negotiations with the employee’s union.  \nb. Current economic conditions in Liberia.  \nc. Long-term borrowing rates.  \nd. Short-term borrowing rates.  \n4) One of your clients owns an equity index annuity with a participation rate of 85% and a cap of 11% . During the past 12 months, the index used in the computation showed a gain of  \n12.80% . As a result, the client’s account value was credited with a gain of:  \na. 12. 80%  \nb. 10. 88%  \nc. 9.35%  \nd. 11. 00%  \n5) There are several financial models that refer to the “risk-free” rate of return. Which of the following instruments is used to measure that rate?  \na. 90-day Treasury bill.  \nb. 30-year Treasury bill.  \nc. 1-year CD.  \nd. Federal funds.  \nSeries 65 Practice Questions  \n6) The return that will be earned over the life of a fixed annuity:  \na. Is tied to an investment index such as the Standard & Poor’s 500.  \nb. Is tied to a portfolio of common stocks selected by the annuity owner.  \nc. Will always be at least equal to the guaranteed minimum specified in the contract.  \nd. May decrease over time due to the increase in surrender charges.  \n7) Which of the following is NOT affected by the issuance of a bond?  \na. Working capital.  \nb. Assets.  \nc. Total liabilities.  \nd. Shareholders’ equity.  \n8) Violations of the Uniform Securities Act carry a criminal penalty of imprisonment for up to how many years?  \na. 1 year.  \nb. 5 years.  \nc. 3 years.  \nd. 10 years.  \n9) Who safeguards the securities held in a mutual fund’s portfolio?  \na. The trustee.  \nb. The manager.  \nc. The custodian.  \nd. The corporation.  \n10) Money market instruments are:  \na. Long-term equity.  \nb. Short-term debt.  \nc. Long-term debt.  \nd. Intermediate debt.  \nAnswers: b ) 0 1 c ) 9 c ) 8 c ) 7 c ) 6 b ) 5 b ) 4 d ) 3 a ) 2 b ) 1","cbCainXDEjx6npYN","https://ap.wps.com/l/cbCainXDEjx6npYN","pdf",123293,"English","# Questions\n## 1-5\n## 6-10","[{\"question\":\"What concept does LIBOR most likely refer to in finance?\",\"answer\":\"LIBOR is associated with long-term borrowing rates.\"},{\"question\":\"How is the risk-free rate of return commonly measured in these questions?\",\"answer\":\"A 90-day Treasury bill is used to measure the risk-free rate of return.\"},{\"question\":\"What does a money market instrument represent according to the questions?\",\"answer\":\"Money market instruments are short-term debt instruments.\"}]","Series 65 Practice Questions | PDF",1790512897]