Bubba plans to borrow some money and pledge securities as collateral.
Which of the following can he not use as collateral?

• A.Series EE bonds
• B.US treasury bills
• C.US treasury notes
• D.US treasury bonds

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Which of the following statements is not true about exchange traded options?

• A.they are adjusted for stock dividends
• B.they are adjusted for stock splits
• C.they are adjusted for cash dividends
• D.they are adjusted for reverse splits

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Which of the following rights does an ADR holder not have?

• A.preemptive rights
• B.the right to vote for your mother-in-law as a board member
• C.the right to transfer ownership
• D.the right to see financial statements

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Regulation T is set at 50%. Bubba's account contains long positions in the following securities with the prices listed:
100 ABC $30
200 XYZ $70
200 QBB $40
200 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
What is Bubba's excess equity in the account?

• A.$3,000
• B.$18,000
• C.$12,000
• D.$0

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A registered representative just accepted Bubba's instructions to buy a specific stock in the over-the-counter market with the credit balance in his account.
Which of these orders for that issue can be entered and executed on a single ticket in a typical broker/dealer organization?

• A.buy 150 XYZ at market
• B.buy 150 XYZ at 17.50 or better
• C.buy $2,500 worth of a mutual fund XYZ Corporation
• D.all of these

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