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Finra Series-7 Exam - Topic 4 Question 71 Discussion

Which of the following is not an investment company within the terms of the Investment Company Act of 1940?
D) a management company
A) a holding company dealing in mineral leaseholds
B) a face-amount certificate company
C) a unit investment trust company

Finra Series-7 Exam - Topic 4 Question 71 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 71
Topic #: 4
[All Series-7 Questions]

Which of the following is not an investment company within the terms of the Investment Company Act of 1940?

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Suggested Answer: D

predictions of recession in the economy. All of the other choices are technical market indicators. An economic forecast is ''fundamental'' market data.


by Leonora at Jul 09, 2023, 09:46 PM

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Reuben
9 months ago
I thought management companies were excluded too, but I guess not!
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Ollie
10 months ago
A face-amount certificate company definitely counts as an investment company.
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Lettie
10 months ago
Wait, are you sure about that? Seems a bit off.
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Glenn
10 months ago
Totally agree, that's the right answer!
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Mira
10 months ago
A holding company dealing in mineral leaseholds is not an investment company.
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Shayne
11 months ago
I’m a bit confused about unit investment trusts; I thought they were investment companies too, but maybe the holding company is the exception here?
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Tonja
11 months ago
I feel like I've seen a question like this before, and I think management companies are definitely included as investment companies.
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Alton
11 months ago
I'm not entirely sure, but I remember that face-amount certificate companies are definitely considered investment companies under the Act.
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Lorean
11 months ago
I think the holding company dealing in mineral leaseholds might be the right answer since it doesn't sound like a typical investment company.
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Markus
11 months ago
I'm a bit confused by this question. The code snippet doesn't provide much context, so I'll need to think through the possible solutions carefully.
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Felicidad
11 months ago
The key here is that the workers need to be able to document their own performance, so I'd say the answer is the Employee self-service workspace. That seems like the most logical place for them to do that.
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Izetta
11 months ago
I feel pretty confident about this one. The Run and Improve stage is all about maintaining and continuously improving the service, so C seems like the best option.
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Ashley
11 months ago
NTFS is definitely the way to go here. It's the standard file system for Windows and can handle large file sizes without any issues.
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Luisa
11 months ago
I vaguely recall that adding "host-routing" under the BVI might be necessary too, but I'm kind of confused on the correct placement right now.
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Gerald
1 year ago
Holding companies, face-amount certificates, unit trusts, and management companies - this exam is really mining the depths of investment knowledge!
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Candida
1 year ago
Management company, eh? Sounds like they've got the reins on this investment thing.
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Dyan
1 year ago
But remember, a holding company dealing in mineral leaseholds is not considered an investment company under the Investment Company Act of 1940.
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Bonita
1 year ago
That's right, they make decisions on what to buy and sell in the portfolio.
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Ashlyn
1 year ago
I think they handle the day-to-day operations of the investment company.
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Brynn
1 year ago
Yeah, management companies play a big role in the investment world.
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Bernadine
1 year ago
Unit investment trust company, huh? Sounds like a trusty investment, if you ask me.
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Chantell
1 year ago
A management company is not classified as an investment company.
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Sharika
1 year ago
I believe a face-amount certificate company is not considered an investment company.
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Truman
1 year ago
I think a holding company dealing in mineral leaseholds is not an investment company.
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Yong
1 year ago
A face-amount certificate company? That's a new one on me. I bet it's more exciting than it sounds.
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Iola
1 year ago
C: I heard they were popular back in the day but not so much anymore.
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Theola
1 year ago
B: Yeah, it's a type of investment company that guarantees a fixed return.
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Karl
1 year ago
A: I think a face-amount certificate company is like a savings bond.
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Michal
1 year ago
But why do you think that? I thought management companies are considered investment companies.
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Jesusita
1 year ago
I disagree, I believe the correct answer is D) a management company.
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Michal
1 year ago
I think the answer is A) a holding company dealing in mineral leaseholds.
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Erasmo
1 year ago
Hmm, a holding company dealing in mineral leaseholds? Sounds like a real goldmine of an investment!
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Ettie
1 year ago
D) a management company
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Adria
1 year ago
C) a unit investment trust company
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Reuben
1 year ago
B) a face-amount certificate company
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Vallie
1 year ago
A) a holding company dealing in mineral leaseholds
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Derick
1 year ago
I'm not sure about this one. Can someone explain why holding company dealing in mineral leaseholds is not considered an investment company?
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Cyndy
1 year ago
I agree with Merrilee. Holding company dealing in mineral leaseholds is not considered an investment company under the Act.
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Merrilee
1 year ago
I think the answer is A) a holding company dealing in mineral leaseholds.
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