Test próbny Series 66
- Pytania: 15
- Około 15 min
- Za darmo
Pytania w teście pozostają po angielsku.
Complete the sentence.
Wybierz słowo, które uzupełnia zdanie.
Uczysz się z własnych notatek? Stwórz własny test
O tym teście
To darmowy test próbny Series 66 z 15 pytaniami, napisany przez zespół StudyPDF na podstawie opublikowanego przez NASAA planu treści egzaminu Uniform Combined State Law Examination. Series 66 łączy stanowe prawo papierów wartościowych z tematami doradców inwestycyjnych, więc pytania obejmują rejestrację doradców i przedstawicieli, komunikację z klientami, praktyki etyczne, profile klientów, podstawy spadkowe oraz kilka produktów i wskaźników. Znajdziesz wybór jednej odpowiedzi, zaznaczanie wszystkich pasujących i uzupełnianie luk. Odpowiedz na wszystkie 15 pytań, a potem sprawdź wynik i przeczytaj wyjaśnienie do każdego. Nic tutaj nie jest poradą prawną, podatkową ani inwestycyjną.
Wszystkie pytania w jednym miejscu (15)
Wolisz najpierw poczytać? Poniżej znajdziesz każde pytanie z próbki. Odpowiedzi i wyjaśnienia są zwinięte, dopóki ich nie otworzysz.
1.Complete the sentence.
A company has current assets of 900,000 dollars, of which 300,000 dollars is inventory, and current liabilities of 400,000 dollars. Its current ratio is _____ and its quick ratio is _____.
Opcje do luki 1: 1.50, 2.25, 3.00, 0.44
Opcje do luki 2: 1.50, 2.25, 0.75, 3.00
Odpowiedź: 2.25, 1.50
The current ratio is current assets divided by current liabilities: 900,000 / 400,000 = 2.25. The quick ratio takes inventory out first, because inventory can be slow to turn into cash: (900,000 - 300,000) / 400,000 = 1.50. The 3.00 option adds the inventory to current assets instead of taking it out, and 0.44 turns the current ratio upside down. A quick ratio above 1 means the company can cover its short-term bills without selling inventory.
2.An investor buys an exchange traded note (ETN) linked to a stock index. Which statement about the ETN is correct?
- A. It is a fund that holds the index stocks, so the investor owns the underlying shares
- B. It is an unsecured debt obligation of the issuer, so the investor also carries the issuer's credit risk
- C. It is backed by deposit insurance, so the investor cannot lose principal
- D. It pays a fixed coupon and returns the note's face value at maturity whatever the index does
Odpowiedź: B. It is an unsecured debt obligation of the issuer, so the investor also carries the issuer's credit risk
An ETN is a debt instrument. The issuer, usually a bank, promises a return tied to an index minus fees, but it holds no basket of securities for the investor. That is the difference from an ETF, which owns the underlying assets. If the issuer's credit deteriorates or it fails, the note can lose value or be worth nothing even when the index is up. There is no deposit insurance on it, and any coupon is not the fixed, guaranteed kind a plain bond pays.
3.A client bought a stock at 50 and it now trades at 58. She wants to protect part of her gain and enters a sell stop order at 54. Which statement is correct?
- A. Once the stock trades at or below 54, the order becomes a market order, so the sale can happen below 54
- B. The order guarantees that the stock will be sold at exactly 54
- C. The order becomes active when the stock rises to 54
- D. The order becomes a limit order at 54 as soon as it is triggered
Odpowiedź: A. Once the stock trades at or below 54, the order becomes a market order, so the sale can happen below 54
A sell stop sits below the current price and is triggered when the stock trades at or below the stop price. Then it turns into a market order, which fills at the next available price. In a fast drop that can be under 54, so a stop controls when you sell and not at what price. A sell stop limit order is the version that turns into a limit order, and it can end up not filling at all. A buy stop is the one that waits for the price to rise.
4.While building a client profile, which item belongs on the client's balance sheet and not on the client's cash-flow statement?
- A. The client's monthly take-home salary
- B. The client's yearly spending on vacations
- C. The 210,000 dollars the client still owes on a mortgage
- D. The monthly premium on the client's car insurance
Odpowiedź: C. The 210,000 dollars the client still owes on a mortgage
A balance sheet is a snapshot at one date: what the client owns (assets), what the client owes (liabilities), and the difference, which is net worth. The mortgage balance is a liability. A cash-flow statement tracks money moving in and out over a period, so salary, vacation spending and insurance premiums go there. An adviser needs both, because the balance sheet shows what the client has to work with and the cash flow shows how much can be saved or spent without strain.
5.A grandfather opens a UTMA account for his granddaughter, funds it with stock and later asks the custodian to give him the money back. Which statement is correct?
- A. He can take the assets back at any time because he paid for them
- B. The assets belong to the custodian until the child reaches 18 in every state
- C. The assets stay in his estate until he dies, then pass to the child
- D. The gift is irrevocable and the assets belong to the minor, with the custodian managing them until the age set by state law
Odpowiedź: D. The gift is irrevocable and the assets belong to the minor, with the custodian managing them until the age set by state law
A UGMA or UTMA account is a completed, irrevocable gift to a minor. The minor owns the assets, the custodian manages them for the minor's benefit, and the donor cannot take them back. Control passes to the child at the age of majority or the age of termination, and the state sets that age, so it is not 18 everywhere. Because the child is the owner, the account can also affect financial aid and the child's tax picture.
6.Which of the following assets generally pass to heirs by beneficiary designation or transfer-on-death registration, outside the owner's will?
Zaznacz wszystkie pasujące odpowiedzi.
- A. A life insurance policy with a named beneficiary
- B. A traditional IRA with a named beneficiary
- C. Stock in a brokerage account held in the owner's name alone, with no transfer-on-death registration
- D. A brokerage account registered with a transfer-on-death beneficiary
- E. A checking account in the owner's name alone with no payable-on-death designation
Odpowiedź: A. A life insurance policy with a named beneficiary, B. A traditional IRA with a named beneficiary, D. A brokerage account registered with a transfer-on-death beneficiary
Assets with a named beneficiary or a TOD or POD registration pass directly to that person when the owner dies, and the will does not control them. That is why the beneficiary form on file matters more than a will written years earlier. Assets in the owner's sole name with no such designation, such as the plain brokerage and checking accounts here, usually go through probate and pass under the will, or under state law if there is no will. A common review step for an adviser is to compare the beneficiary forms with what the client wants today.
7.A portfolio's policy calls for 60 percent stocks and 40 percent bonds. After a sharp market decline, the manager temporarily moves to 70 percent stocks and 30 percent bonds because she believes stocks are undervalued, and she plans to return to 60/40 later. Which strategy is this?
- A. Strategic asset allocation
- B. Dollar-cost averaging
- C. Tactical asset allocation
- D. Passive indexing
Odpowiedź: C. Tactical asset allocation
Strategic asset allocation sets long-term target weights from the client's goals and risk profile and sticks to them, rebalancing back to target. Tactical asset allocation makes short-term deviations from those weights to take advantage of a market view, with a plan to return. Dollar-cost averaging is investing a fixed amount at regular intervals, and passive indexing means tracking a benchmark without market calls. Tactical moves are a form of active management and can cost more in fees and taxes.
8.An investment adviser wants to charge a client a fee that is a share of the capital gains in the client's account. Which statement is correct?
- A. It is permitted for any client who signs a waiver of the performance-fee prohibition
- B. It is generally permitted only for a qualified client, meaning one who meets the net worth or assets-under-management tests in the SEC rule
- C. It is permitted for any client over a stated age
- D. It is permitted for any client as long as the fee is disclosed in the adviser's brochure
Odpowiedź: B. It is generally permitted only for a qualified client, meaning one who meets the net worth or assets-under-management tests in the SEC rule
A performance-based fee, such as a percentage of capital gains or appreciation, is generally prohibited. The main exception is a qualified client, which the SEC rule defines through net worth and assets under management, and the dollar tests are adjusted over time, so look up the current numbers. A client cannot waive the protection, and disclosure alone does not make the fee legal. A flat fee or a percentage of the assets managed is not a performance fee, because it does not depend on gains. Check your state's version of the rule too.
9.Which of the following are investment advisers under the Uniform Securities Act, as opposed to persons it excludes?
Zaznacz wszystkie pasujące odpowiedzi.
- A. A financial planner who charges a flat fee for a written plan that recommends specific securities
- B. The publisher of a bona fide financial newspaper of general and regular circulation
- C. A firm that sells subscriptions to a monthly report with buy and sell calls on individual stocks, as part of its regular business
- D. A broker-dealer agent whose investment advice is solely incidental to brokerage and who gets no special compensation for it
- E. A neighbor who occasionally shares stock ideas over dinner and charges nothing
Odpowiedź: A. A financial planner who charges a flat fee for a written plan that recommends specific securities, C. A firm that sells subscriptions to a monthly report with buy and sell calls on individual stocks, as part of its regular business
The definition has three pieces: advising others about securities, doing it for compensation, and doing it as part of a regular business. The planner and the paid research firm meet all three, and issuing analyses or reports on securities for pay counts. The publisher of a general circulation publication is excluded, and so is a broker-dealer or its agent whose advice is solely incidental and carries no special compensation. The neighbor gets no compensation and has no business, so no. Federal law and your state's version list further exclusions and exemptions, so check them too.
10.An investment adviser representative of an SEC-registered firm works from an office in State B. She has 12 retail clients who live in State A, where she has no place of business. Which statement is correct?
- A. State A can require her to register because she has retail clients there
- B. State A can require her to register only if she visits the clients in person
- C. State A can require her to pass its own exam before she may keep those clients
- D. State A cannot require her to register as a representative, but it keeps its antifraud authority over her
Odpowiedź: D. State A cannot require her to register as a representative, but it keeps its antifraud authority over her
Federal law lets a state require registration of a representative of a federal covered adviser only where that person has a place of business in the state, and only if the person meets the federal definition of an investment adviser representative. With no office in State A, State A cannot make her register, however many clients she has there. State B, where she works, is the state that can. No state loses its power to investigate and act against fraud. Representatives of state-registered advisers and the rules for the firm itself follow different tests.
11.An investment adviser representative is named in a written customer complaint alleging sales practice violations, and the complaint is the kind that Form U4 asks about. What should happen?
- A. The Form U4 should be updated promptly to disclose it, and hiding it can lead to discipline of its own
- B. Nothing is required unless the Administrator asks about it
- C. It is disclosed on the next annual renewal and not before
- D. It is disclosed only if a court later enters a final judgment against the representative
Odpowiedź: A. The Form U4 should be updated promptly to disclose it, and hiding it can lead to discipline of its own
Registration is not a one-time event. The representative and the firm must keep the registration record current, and a reportable event such as a qualifying customer complaint has to be added to the Form U4 promptly, not saved for renewal. Waiting for a judgment is wrong because many reportable events are allegations, settlements or pending actions. Failing to disclose is itself a violation, and regulators treat it as seriously as the conduct behind it. The reporting thresholds and deadlines are in the form instructions and state rules, so look up the current ones.
12.Which of the following are prohibited in an investment adviser's communications with clients and prospects?
Zaznacz wszystkie pasujące odpowiedzi.
- A. Showing only the three best-performing client accounts and leaving out the rest, as if they were typical
- B. Using an advisory contract clause that has the client waive rights under the securities laws
- C. Telling prospects that being registered with the state means the Administrator has endorsed the adviser's skill
- D. Giving a prospect a brochure that lists the adviser's fees
- E. Telling a prospect that past performance does not guarantee future results
Odpowiedź: A. Showing only the three best-performing client accounts and leaving out the rest, as if they were typical, B. Using an advisory contract clause that has the client waive rights under the securities laws, C. Telling prospects that being registered with the state means the Administrator has endorsed the adviser's skill
Cherry-picked performance is misleading, because it leaves out facts needed to read it fairly. A clause that has the client give up rights under the securities laws is void and a prohibited practice, since a client cannot waive those protections. Registration only means the filing is on record and fees were paid. It is never an endorsement, and saying otherwise is an unlawful representation. A fee brochure and a past-performance caution are required or helpful disclosure, not violations.
13.An investment adviser representative serves an 83-year-old client who has always been sharp. Over two weeks the client becomes confused and asks to wire a large part of her account to a person she met online. What should the representative do first?
- A. Send the wire at once, because the client's instructions control in every case
- B. Raise it with a supervisor or compliance right away and, where the firm's policy and state law allow, contact the trusted contact person the client named and consider a temporary hold
- C. Call the client's neighbors and relatives to warn them, whether or not the client agreed to that
- D. Say nothing and wait, so the client is not offended
Odpowiedź: B. Raise it with a supervisor or compliance right away and, where the firm's policy and state law allow, contact the trusted contact person the client named and consider a temporary hold
Sudden confusion plus an unusual transfer to a stranger is a classic red flag for financial exploitation. The representative should escalate to a supervisor or compliance and use the tools the firm has: asking the client for, or reaching, a trusted contact person named in advance, and where state law and firm policy allow, delaying the disbursement while it is looked into. Many states have adopted NASAA's model act on this, and details differ by state. Sending the wire ignores the red flags, and sharing the account with relatives or neighbors who were not named breaks client confidentiality.
14.Complete the sentence.
Under an adviser's code of ethics, an access person gives an initial holdings report when joining and then reports personal securities transactions _____.
Opcje do luki 1: monthly, quarterly, semiannually, only when asked
Odpowiedź: quarterly
Federal rules built around the code of ethics have access persons, people with access to client trades or recommendations, file an initial holdings report when they join, an annual holdings report, and a transaction report every quarter. The firm reviews those reports to spot front running and other conflicts between personal trading and client trading. NASAA lists initial holdings and quarterly reports on the Series 66 outline for this reason. Reports made only on request would give the firm no way to find a problem in time.
15.Complete the sentence.
A representative who sells a client a private deal without the employing firm's knowledge or approval is engaged in _____, and a representative who trades a client's account far more than its goals justify, to earn commissions, is engaged in _____.
Opcje do luki 1: selling away, front running, parking, matched orders
Opcje do luki 2: scalping, churning, marking the close, layering
Odpowiedź: selling away, churning
Selling away means selling a security outside the firm's knowledge and supervision, which exposes the client to a product nobody has reviewed and the firm to liability for what it never approved. Churning, or excessive trading, means the volume of trading is driven by the representative's pay and not by the client's objectives. Front running is trading ahead of a client order, parking is hiding ownership of a position, and marking the close and layering are forms of market manipulation. Both selling away and excessive trading appear on the Series 66 outline as unethical practices.
O co pyta egzamin Series 66 i jak jest oceniany
Series 66 to Uniform Combined State Law Examination. Pisze go NASAA, czyli North American Securities Administrators Association, a przeprowadza FINRA. Według FINRA egzamin ma 100 pytań punktowanych plus 10 niepunktowanych, masz 150 minut i musisz odpowiedzieć poprawnie na co najmniej 73 ze 100 pytań punktowanych, żeby zdać. To 73 procent. 10 niepunktowanych pytań to pytania próbne i nie da się poznać, które to, więc traktuj każde pytanie tak, jakby się liczyło. NASAA przeprowadza go jako test zamknięty, bez materiałów, i pokazuje wynik zaraz po zakończeniu.
NASAA publikuje plan treści i największą część daje prawu. Prawo, przepisy i wytyczne, w tym zakaz nieetycznych praktyk biznesowych, to 45 procent, około 45 pytań. Rekomendacje inwestycyjne dla klientów i strategie to 30 procent, około 30 pytań. Cechy instrumentów inwestycyjnych to 17 procent, około 17 pytań. Czynniki ekonomiczne i informacje biznesowe to tylko 8 procent, około 8 pytań. Trzy na cztery pytania dotyczą więc zasad i doradzania klientom, a wiedza o produktach to mniejszy kawałek niż w Series 65.
Series 66 uprawnia cię w dwóch rolach, jako agenta domu maklerskiego i jako przedstawiciela doradcy inwestycyjnego, tak jakbyś zdał zarówno Series 63, jak i Series 65. NASAA podaje też, że FINRA Series 7 jest wymogiem współistniejącym (co-requisite): możesz zdawać któryś z nich jako pierwszy, ale oba potrzebne są, zanim zarejestrujesz się jako przedstawiciel doradcy inwestycyjnego na podstawie Series 66. To, kto musi mieć który egzamin, rozstrzyga twój stanowy regulator papierów wartościowych, więc sprawdź u stanu i w FINRA aktualną opłatę, okno zapisów i własne wymagania. Nic na tej stronie nie jest poradą prawną.
Czym ta próbka różni się od stron Series 63 i Series 65
Series 66 to dwa egzaminy stanowe w jednym, przez co łatwo uczyć się niewłaściwej połowy. Ta próbka opiera się na tematach ze strony doradcy i zasad postępowania: kto jest doradcą inwestycyjnym, kiedy przedstawiciel musi się zarejestrować w stanie, co doradca może i czego nie może mówić klientom, opłaty za wyniki, jak rozpoznać i jak potraktować wykorzystywanie starszego klienta oraz osobiste raporty z transakcji, które zbiera firma. Zostawia też kilka pytań o profil klienta, podstawy spadkowe i produkty, bo 30 procent prawdziwego egzaminu dotyczy doradzania człowiekowi. Prawo stanowe dla agentów i domów maklerskich, na przykład kto musi się zarejestrować jako agent i jakie uprawnienia ma stanowy Administrator, ma własną próbkę na stronie Series 63. Teoria portfela, przechowywanie aktywów klientów (custody) i obowiązek powierniczy w głębi są na stronie Series 65.
Rozwiąż wszystkie 15 za jednym razem, bez notatek, a potem przeczytaj wyjaśnienie do każdego pytania, także tych, które masz dobrze. Osiem z 15 pytań dotyczy prawa i zasad postępowania, co jest bliskie temu, jak ważony jest egzamin. Każdy błąd traktuj jak temat. Jeśli pomyliłeś się w pytaniu o definicję doradcy inwestycyjnego i w pytaniu o komunikację, to prawdopodobnie przeskakujesz słowa kwalifikujące, takie jak solely incidental, regular business i general circulation. Podkreślaj je podczas czytania.
Spodziewaj się też trochę arytmetyki. Pytanie ze wskaźnikiem jest tu typowe: najpierw zapisz wzór, potem podstaw liczby. Kilka zasad na tym egzaminie, od wieku, w którym kontrola nad kontem UTMA przechodzi na dziecko, po to, kto może być gdzie zarejestrowany, ustala każdy stan, więc twoje własne stanowe przepisy i materiał twojego dostawcy kursu są pierwsze.
Jak StudyPDF buduje pełne testy próbne z twojego materiału przygotowawczego
Piętnaście pytań pokaże, która część egzaminu jest najsłabsza. Same cię nie przygotują, a ogólny zestaw nie wie, jaką książkę przygotowawczą kupiłeś ani jakie błędy ciągle powtarzasz.
StudyPDF pracuje zamiast tego na twoim materiale. Wgraj książkę przygotowawczą do Series 66, notatki lub slajdy swojego dostawcy kursu albo plan, który sam opisałeś. Potem naciśnij Nowy materiał, wybierz test próbny, wskaż te pliki jako źródła i ustaw długość. Dostajesz test napisany z dokładnie tych stron, a każde wyjaśnienie wskazuje, skąd pochodzi odpowiedź. Zawęź go do jednego obszaru, na przykład komunikacji z klientami albo planowania spadkowego, i uruchom jeszcze raz po powtórce.
Resztą zajmuje się Bo, tutor. Zapytaj, dlaczego odpowiedź jest dobra, a Bo wyjaśni to na podstawie twoich własnych stron, jeśli chcesz, najpierw z podpowiedzią.
Żeby zacząć, nie musisz niczego wgrywać. Podaj temat, na przykład rejestrację doradcy inwestycyjnego albo profil klienta, a dostaniesz pytania ćwiczeniowe na ten temat. Zaczynasz za darmo.
Napisane przez zespół StudyPDF. Ostatnia aktualizacja 19 sierpnia 2026.
Warto wiedzieć
Czy ten test próbny Series 66 jest naprawdę darmowy?
Tak. Wszystkie 15 pytań, ekran z wynikiem i każde wyjaśnienie są darmowe do rozwiązania w przeglądarce, a na tej stronie nie ma nic płatnego.
Ile pytań ma Series 66 i jaki wynik trzeba uzyskać, żeby zdać?
FINRA podaje 100 pytań punktowanych plus 10 niepunktowanych, 150 minut i co najmniej 73 ze 100 pytań punktowanych poprawnie, żeby zdać. Egzamin pisze NASAA, a przeprowadza FINRA. Series 7 jest wymogiem współistniejącym, więc aktualną opłatę, okno zapisów i to, jakie egzaminy są ci potrzebne, potwierdź w FINRA i u stanowego regulatora papierów wartościowych, zanim zarezerwujesz termin.
Kto napisał te pytania i czy to prawdziwe pytania egzaminacyjne?
Zespół StudyPDF napisał każde pytanie i wyjaśnienie na podstawie publicznego planu treści NASAA dla Series 66. To nie są prawdziwe pytania egzaminacyjne i nie pochodzą z bazy żadnego dostawcy kursów. StudyPDF nie jest powiązane z NASAA, FINRA, SEC ani żadnym stanowym regulatorem papierów wartościowych, a nic na tej stronie nie jest poradą prawną, podatkową ani inwestycyjną.
Czy mogę dostać więcej takich pytań z własnej książki przygotowawczej?
Tak. Wgraj do StudyPDF książkę przygotowawczą do Series 66 albo swoje notatki z kursu, a Bo zbuduje pełnowymiarowe testy próbne z dokładnie tych stron, z wyjaśnieniami wskazującymi, skąd pochodzi każda odpowiedź. Jeśli masz tylko papierowy egzemplarz, podaj zamiast tego temat, na przykład komunikację z klientami albo planowanie spadkowe, a Bo napisze z niego test.
Potrzebujesz czegoś więcej niż próbki?
Wgraj własny podręcznik, slajdy albo notatki, a Bo zbuduje pełne testy próbne z twoich materiałów. Zapamiętuje, które pojęcia ciągle ci umykają, i celuje w twoje słabe punkty. Zacznij za darmo.