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Free Series 17 – United Kingdom Securities Representative Exam Exam Questions and Answers
Last updated: March 29, 2025
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Series 17 – United Kingdom Securities Representative Exam
#Question
Which type of risk involves adverse movements in currency exchange rates affecting investments?
A.
Default risk
B.
Inflation risk
C.
Currency risk
D.
Market risk
Correct Answer:
C
Currency risk refers to the potential adverse effects that fluctuations in currency exchange rates can have on investments in foreign assets.
#Question
What do mutual funds typically aim to achieve for their investors?
A.
High risk strategies
B.
Guaranteed cash flow
C.
Tax evasion
D.
Diversification and capital appreciation
Correct Answer:
D
Mutual funds typically aim to provide diversification and capital appreciation for their investors by pooling investments into a variety of assets.
#Question
How do expense ratios impact mutual fund investments?
A.
They increase potential gains
B.
They are irrelevant to investors
C.
Low ratios guarantee high returns
D.
They directly affect fund performance
Correct Answer:
D
Expense ratios directly affect mutual fund performance by reducing overall returns, as higher fees can erode investors' profits over time.
#Question
What is the role of a stockbroker?
A.
To provide tax advice
B.
To facilitate trades on behalf of investors
C.
To manage government investments
D.
To evaluate market trends
Correct Answer:
B
The primary role of a stockbroker is to facilitate trades on behalf of investors, helping them buy and sell various securities.
#Question
Which economic condition is most likely to result in low unemployment rates?
A.
Economic growth
B.
Economic recession
C.
Market stagnation
D.
Increase in interest rates
Correct Answer:
A
Economic growth is often associated with low unemployment rates as businesses expand and require more workers to meet demand.
#Question
What is a common way that investors reduce or hedge against investment risk?
A.
Investing in only one industry
B.
Using options or futures contracts
C.
Investing heavily in cash
D.
Concentrating investments
Correct Answer:
B
Investors commonly hedge against investment risk by utilizing options or futures contracts, providing protection against significant price changes in investments.
#Question
Which asset category typically provides higher potential returns?
A.
Real estate
B.
Bonds
C.
Cash equivalents
D.
Stocks
Correct Answer:
D
Stocks typically provide higher potential returns over the long term compared to bonds, cash equivalents, or real estate, albeit with increased risk.
Series 17 – United Kingdom Securities Representative Exam
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