Finra Series-6 Exam - Topic 9 Question 63 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 63
Topic #: 9

[All Series-6 Questions]

A long-term, unsecured bond issued by a corporation is called:

Aa debenture.

Ba general obligation bond.

Ccommercial paper.

Dan industrial revenue bond.

Show Suggested Answer

Suggested Answer: C

If Mr. Gaunt believes he is still due money from Savvy, and Savvy disagrees, Ari has six years to submit his claim to arbitration under FINRA's Code of Arbitration. Ari cannot sue Savvy in a court of law, and the decision of the arbitration panel is final.

by Nelida at Aug 07, 2023, 10:55 AM

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Asha

6 months ago

Surprised to see people confused about this!

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Danica

6 months ago

Really? I always thought commercial paper was the answer.

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Michel

7 months ago

Yup, debentures are unsecured long-term bonds.

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Walton

7 months ago

I thought it was a general obligation bond?

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Ezekiel

7 months ago

It's definitely a debenture!

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Franklyn

7 months ago

I remember studying that debentures are long-term and unsecured, so I'm leaning towards A as well.

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Bulah

7 months ago

I'm a bit confused between A and B. I know general obligation bonds are secured by the issuer's credit, but I can't recall if that applies here.

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Aimee

8 months ago

I feel like I've seen a question like this before, and I think debentures are definitely the right choice.

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Willard

8 months ago

I think the answer might be A, a debenture, but I'm not entirely sure. I remember it being related to unsecured bonds.

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Latonia

8 months ago

Hmm, I'm a little unsure about the differences between these audit types. I'll need to think through each option carefully to figure out the right answer.

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Florinda

8 months ago

This looks like a straightforward SQL question. I'll need to carefully review the table structure and the data to be inserted, then determine the appropriate SQL statements to use.

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Blythe

8 months ago

This question seems pretty straightforward. I'm pretty confident I can figure out the size limit for the Recycle Bin in Vista and later versions of Windows.

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Cherry

8 months ago

I'm not entirely sure about this one. I'll need to review the concepts around VPN configurations and internet access to make an informed decision.

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Lisha

1 year ago

I wonder if the exam writer has a debenture-shaped hole in their heart. Jokes aside, A is the way to go.

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Audra

1 year ago

Industrial revenue bonds? What is this, a quiz on obscure municipal finance instruments? Definitely A.

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Alaine

11 months ago

Yeah, debentures are long-term, unsecured bonds issued by corporations.

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Arletta

11 months ago

I agree, it sounds like the right answer.

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Shakira

12 months ago

I think it's A) a debenture.

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Heike

1 year ago

Commercial paper? That's for lazy corporations who can't be bothered with proper long-term financing. I'm going with A.

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Annice

11 months ago

General obligation bonds are also a good option for corporations seeking long-term financing.

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Lorrine

11 months ago

I agree, commercial paper seems like a short-term solution for lazy corporations.

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Mozell

1 year ago

A debenture is a safer option for corporations looking for long-term financing.

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Ria

1 year ago

Debentures, huh? Guess I better brush up on my corporate bond terminology before the exam.

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Jade

11 months ago

D) an industrial revenue bond.

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Jeanice

11 months ago

C) commercial paper.

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Coletta

11 months ago

B) a general obligation bond.

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Viva

11 months ago

A) a debenture.

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Whitley

11 months ago

D) an industrial revenue bond.

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Carylon

11 months ago

C) commercial paper.

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Flo

11 months ago

B) a general obligation bond.

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Darell

11 months ago

A) a debenture.

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Kattie

1 year ago

Hmmm, this seems like a classic corporate finance question. I'm pretty sure the answer is A - a debenture.

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Chantell

1 year ago

I think it's B) a general obligation bond, but I could be wrong.

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Charolette

1 year ago

I agree with you, A) a debenture is the correct answer.

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Leslie

1 year ago

I'm not sure, but I think it could also be D) an industrial revenue bond.

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Stephanie

1 year ago

I agree with Valentin, a debenture makes sense for a long-term, unsecured bond.

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Valentin

1 year ago

I think the answer is A) a debenture.

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