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Series 66 NASAA Uniform Combined State Law Examination Practice Tests & Test Prep by Exam Edge - Exam Info



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Series 66 NASAA Uniform Combined State Law Examination - Additional Information

At ExamEdge.com, we focus on making our clients' career dreams come true by offering world-class practice tests designed to cover the same topics and content areas tested on the actual Financial Industry Regulatory Authority Series 66 NASAA Uniform Combined State Law Examination (Series65) Certification Exam. Our comprehensive Series 66 NASAA Uniform Combined State Law Examination practice tests are designed to mimic the actual exam. You will gain an understanding of the types of questions and information you will encounter when you take your Financial Industry Regulatory Authority Series 66 NASAA Uniform Combined State Law Examination Certification Exam. Our Series 66 NASAA Uniform Combined State Law Examination Practice Tests allow you to review your answers and identify areas of improvement so you will be fully prepared for the upcoming exam and walk out of the test feeling confident in your results.

Because our practice tests are web-based, there is no software to install and no need to wait for a shipment to arrive to start studying. Your Series 66 NASAA Uniform Combined State Law Examination practice tests are available to you anytime from anywhere on any device, allowing you to study when it works best for you. There are 5 practice tests available, each with 100 questions and detailed explanations to help you study. Every exam is designed to cover all of the aspects of the Series 66 NASAA Uniform Combined State Law Examination exam, ensuring you have the knowledge you need to be successful!

Series 66 NASAA Uniform Combined State Law Examination - Additional Info Sample Questions

If an investor borrows stock and sells it in order to make money when the price of the stock declines this is called a(n):

Correct Answer:
short sale
the correct answer to the question is: short sale.

a short sale is a trading strategy where an investor borrows shares of stock from a broker and sells them on the open market at the current price, with the intention of buying them back later at a lower price. the investor's goal is to profit from a decline in the stock's price.

here’s how it works: the investor initiates a short sale by borrowing shares that they do not own, typically from a brokerage firm. the borrowed shares are then sold, and the proceeds are credited to the investor’s account. if the price of the stock falls, the investor can buy the shares back at the lower price, return them to the lender, which is usually the brokerage firm, and pocket the difference as profit.

it's important to note that short selling involves significant risks. if the price of the stock rises instead of falls, the investor will have to buy back the shares at a higher price, resulting in a loss. additionally, there are costs associated with borrowing the shares, such as interest and fees, which can reduce the profitability of the trade.

the other terms mentioned in the question—long position, margin requirement, and day order—are related to different aspects of trading: - *long position* refers to purchasing a stock outright with the expectation that its price will rise over time. - *margin requirement* is the minimum amount of equity a trader must maintain in their margin account when they borrow money or stocks from a broker to trade. - *day order* is a type of order instruction that tells the broker the order must be executed on the same trading day or it will be canceled.

in summary, a short sale specifically refers to the practice of selling borrowed shares in anticipation of a price decline, with the aim of buying them back cheaper and making a profit from the difference.