[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-389885-105":59,"doc-detail-389885-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","series-65-test-specifications-test-topic-outline-june-2023","Series-65 Test Specifications - Test Topic Outline - June 2023","","Series 65 test specifications outline key examination topics across economic factors and business information, investment vehicle characteristics, and client investment recommendations and strategies. The outline specifies relative weightings for economic concepts such as business cycles, policy, global factors, inflation, interest rates, and economic indicators, alongside financial reporting and analytical methods. It further details cash, fixed income, equity, pooled investments, derivatives, alternative and insured-based products, and client-focused recommendation frameworks.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/series-65-test-specifications-test-topic-outline-june-2023/389885/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/series-65-test-specifications-test-topic-outline-june-2023/389885.png","ImageObject",300,407,{"name":92,"@type":93},"awa","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-09-25",true,{"@type":102,"interactionType":103,"userInteractionCount":39},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What topics are covered under Economic Factors and Business Information?","Question",{"text":112,"@type":113},"The outline covers business cycle fundamentals, monetary and fiscal policies, global factors, inflation/deflation, interest rates, economic indicators, financial reporting, accounting fundamentals, analytical methods, and different types of risk.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What investment vehicle categories are included in the Investment Vehicle Characteristics section?",{"text":117,"@type":113},"It includes cash and cash equivalents, fixed income securities, equity securities, pooled investments, derivative securities, alternative investments, insured-based products (annuities and life insurance), and other assets such as commodities and digital assets.",{"name":119,"@type":110,"acceptedAnswer":120},"How does the document structure Client Investment Recommendations and Strategies?",{"text":121,"@type":113},"It organizes content by client type and client profile, including financial goals, current and future financial situation, cash flow, balance sheet, existing investments, and tax considerations.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},389885,1791478960,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":39,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},3985747858093,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","Series 65 Test Specifications  \nTopic  \nI. Economic Factors and Business Information  \nA. Basic Economic Concepts  \nWeight  \n15%  \nNo. Questions  \n20  \n[1. business](1. business) cycles  \n2. monetary and fiscal policies  \n[3. global](3. global) factors  \n3.1. currency valuation and effective exchange rates  \n3.2. sovereign debt  \n3.3. geopolitical  \n4. inflation/deflation  \n5. interest rates, yield curves, credit spreads  \n6. economic indicators  \n6.1. Gross Domestic Product (GDP)  \n6.2. employment indicators  \n[6.3. trade](6.3. trade) deficit  \n6.4. Consumer Price Index (CPI)  \nB. Financial Reporting  \n[1. financial](1. financial) reports  \n1.1. income statement  \n1.2. balance sheet  \n1.3. statement of cash flow  \n1.4. auditor disclosures (qualified vs unqualified)  \n1.5. corporate SEC filings  \n1.6. annual reports  \n2. Accounting Fundamentals  \n2.1. audited v. unaudited  \n[2.2. cash](2.2. cash) v. accrual accounting  \nC. Analytical Methods  \n1. time value of money concepts  \n1.1. internal rate of return (IRR)  \n1.2. net present value (NPV)  \n1.3. future value (FV)  \n2. descriptive statistics (e.g., mean; median; mode; range; standard deviation; Alpha, Beta, and Sharpe ratios; correlation)  \n[3. financial](3. financial) ratio interpretation and calculation  \n3.1. current ratio  \n3.2. quick ratio  \n3.3. debt-to-equity ratio  \n4. valuation factors, interpretation and calculation  \n4.1. price-to-earnings  \n4.2. price-to-book  \nD. Types of Risk  \n1. systematic risks (e.g., interest rate risk, sector risk, geopolitical risk)  \n2. unsystematic risks (e.g., credit risk,  \nlegal/regulatory risk, financial risk, issuer specific  \nrisk)  \n3. opportunity cost  \n[4. capital](4. capital) structure including liquidation priority (e.g., debt, preferred stock, common stock)  \nII. Investment Vehicle Characteristics 25% 32  \nA. Types and Characteristics of Cash and Cash Equivalents  \n1. insured deposits  \n1.1. demand deposits  \n1.2. certificates of deposit  \n2. money market instruments  \n2.1. commercial paper  \n2.2. Treasury bills  \nB. Types of Fixed Income Securities  \n1. U.S. government securities  \n1.1. Treasury securities (e.g., Bills, Notes, Bonds)  \n1.2. Treasury Inflation-Protected Securities (TIPS)  \n2. asset-backed securities  \n3. corporate bonds  \n4. municipal bonds  \n4.1. general obligation  \n4.2. revenue  \n4.3. insured  \n[4.4. tax](4.4. tax) implications  \n5. foreign-issued bonds  \n5.1. government/sovereign debt  \n5.2. corporate debt  \nC. Characteristics and Valuation Factors of Fixed Income Securities  \n1. fixed income characteristics  \n[1.1. tax](1.1. tax) implications  \n[1.2. bond](1.2. bond) ratings  \n[1.3. market](1.3. market) liquidity  \n1.4. liquidation preference (e.g., debt, preferred stock)  \n[1.5. call](1.5. call) features  \n1.6. coupon v. zero coupon  \n1.7. duration  \n1.8. pricing (par, premium, or discount)  \n1.9. risk  \n1.10. yield  \n2. fixed income valuation factors  \n2.1. duration  \n2.2. maturity  \n2.3. yield to call  \n2.4. yield to maturity  \n[2.5. coupon](2.5. coupon)  \n2.6. conversion valuation  \n[2.7. bond](2.7. bond) ratings  \n[2.8. credit](2.8. credit) spread  \n2.9. discounted cash flow  \nD. Types of Equity Securities  \n1. common stock (domestic, foreign, American Depository Receipt (ADR))  \n2. preferred, convertible preferred stock, floating rate preferred  \nE. Characteristics of Equity Securities  \n1. shareholder rights  \n[1.1. voting](1.1. voting) rights  \n1.2. antidilution (preemptive right)  \n1.3. liquidation preferences  \n2. restricted stock and resale restrictions  \n3. dividends  \n4. employee stock options  \n4.1. incentive  \n4.2. nonqualified  \nF. Methods Used to Determine the Value of Equity Securities  \n1. technical analysis  \n2. fundamental analysis  \n3. dividend discount  \n4. discounted cash flow  \nG. Equity Public Offering  \n1. initial public offering (IPO)  \n2. secondary offering  \n3. special purpose acquisition companies (SPAC)/blind pools/blank check  \nH. Types of Pooled Investments  \n[1. mutual","cbCainhG1G2rEHhR","https://ap.wps.com/l/cbCainhG1G2rEHhR","pdf",259121,13,"English","# Economic Factors and Business Information\n## Basic Economic Concepts\n## Financial Reporting\n## Analytical Methods\n## Types of Risk\n# Investment Vehicle Characteristics\n## Cash and Cash Equivalents\n## Fixed Income Securities\n## Equity Securities\n## Pooled Investments\n## Derivative and Alternative Securities\n## Insured-Based Products\n## Other Assets\n# Client Investment Recommendations and Strategies\n## Type of Client\n## Client Profile","[{\"question\":\"What topics are covered under Economic Factors and Business Information?\",\"answer\":\"The outline covers business cycle fundamentals, monetary and fiscal policies, global factors, inflation/deflation, interest rates, economic indicators, financial reporting, accounting fundamentals, analytical methods, and different types of risk.\"},{\"question\":\"What investment vehicle categories are included in the Investment Vehicle Characteristics section?\",\"answer\":\"It includes cash and cash equivalents, fixed income securities, equity securities, pooled investments, derivative securities, alternative investments, insured-based products (annuities and life insurance), and other assets such as commodities and digital assets.\"},{\"question\":\"How does the document structure Client Investment Recommendations and Strategies?\",\"answer\":\"It organizes content by client type and client profile, including financial goals, current and future financial situation, cash flow, balance sheet, existing investments, and tax considerations.\"}]","Series-65 Test Specifications - Test Topic Outline - June 2023 | PDF",1790328173,33]