Finra Exam Series-6 Topic 4 Question 81 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 81
Topic #: 4

[All Series-6 Questions]

MoeMoney Investments is a diversified management company. This means that:

Ait is a closed-end company.

Bit is a mutual fund.

Cit may invest no more than 5% of its investment monies in one issuer.

Dit must be invested in a variety of industries and geographic regions.

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 Johnna at Jul 01, 2024, 12:05 PM

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Della

1 months ago

This question is a piece of cake! Of course, the answer is D. Diversification is key for a management company like this.

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Rickie

I agree, diversification is important for managing risk.

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Shayne

1 months ago

Haha, I bet MoeMoney Investments is run by a guy named Moe. Maybe he's related to Moe from the Simpsons! Anyway, I'm going with D on this one.

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Susana

1 months ago

That makes sense, it would help diversify the risk.

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Latrice

1 months ago

I'm not sure about this one. Is B the right answer? I thought mutual funds were the ones that had to be diversified.

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Farrah

7 days ago

B) it is a mutual fund.

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Tess

19 days ago

A) it is a closed-end company.

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Brittney

1 months ago

I believe it must be invested in a variety of industries and geographic regions.

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Susana

1 months ago

I think MoeMoney Investments is a mutual fund.

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Yesenia

2 months ago

That makes sense, it would help diversify the risk.

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Suzan

2 months ago

I believe it must be invested in a variety of industries and geographic regions.

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Yesenia

2 months ago

I think MoeMoney Investments is a mutual fund.

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Andra

2 months ago

I think the correct answer is D. A diversified management company must be invested in a variety of industries and geographic regions, rather than concentrating in a single issuer or market.

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