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


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Series 66 NASAA Uniform Combined State Law Examination Sample Test

1 of 5

The term “institution” includes all but which of the following?





Correct Answer:
employee benefit plans with assets of less than one million dollars
the term "institution" in the context of financial and legislative definitions typically encompasses entities that are large or significant enough to impact the economy or sectors within which they operate. these entities often possess significant assets, experience, or authority, which allows them to handle substantial resources and make influential decisions. common examples of institutions include banks, trust companies, insurance companies, savings and loan associations, and governmental agencies.

in the provided question, various entities are listed to determine which among them does not qualify as an "institution" according to a specified criterion. the list includes a trust company, a governmental agency, banks, and employee benefit plans with assets of less than one million dollars. according to the information given, the definition of an institution includes entities like employee benefit plans only if they possess assets of not less than one million dollars. this specific threshold implies that such plans must manage a minimum level of assets to be considered sophisticated enough to be categorized as institutions.

consequently, "employee benefit plans with assets of less than one million dollars" do not meet the threshold specified in the definition of institutions, which includes entities that generally manage larger asset bases. banks, trust companies, and governmental agencies inherently manage or oversee substantial assets or carry significant authority, categorizing them as institutions regardless of a specific asset threshold.

hence, the answer to the question "the term 'institution' includes all but which of the following?" is "employee benefit plans with assets of less than one million dollars." this is because such plans do not satisfy the asset requirement necessary to be deemed an institution, unlike the other entities listed, which inherently qualify as institutions due to their nature and the scale of their operations or assets.


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FAQ's for Exam Edge Series 66 NASAA Uniform Combined State Law Examination practice tests


We have ten great reasons why Exam Edge is the #1 source on the internet when it comes to preparing for Series 66 NASAA Uniform Combined State Law Examination test:
  • Comprehensive content: Exam Edge's Series 66 NASAA Uniform Combined State Law Examination practice tests are created specifically to prepare you for the real exam. All our Series 66 NASAA Uniform Combined State Law Examination practice test questions parallel the topics covered on the real test. The topics themselves are covered in the same proportions as the real test too, based on outlines provided by the Financial Industry Regulatory Authority in their Series 66 NASAA Uniform Combined State Law Examination test guidelines.

  • Realistic practice: Our Series 66 NASAA Uniform Combined State Law Examination practice exams are designed to help familiarize you with the real test. With the same time limits as the real exam, Our FINRA practice tests enable you to practice your pacing and time management ahead of test day.

  • Detailed explanations: As you complete your practice tests, we show you which questions you answered correctly and which ones you answered incorrectly, in addition to providing you with detailed step-by-step explanations for every single Series 66 NASAA Uniform Combined State Law Examination practice exam question.

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  • Thousands of unique questions: We offer 5 different online practice exams with 500 unique questions to help you prepare for your Series 66 NASAA Uniform Combined State Law Examination !

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What score do I need to pass the Series 66 NASAA Uniform Combined State Law Examination Exam?

To pass the Series 66 NASAA Uniform Combined State Law Examination test you need a score of 72.

The range of possible scores is 0 to 100.

How do I know the practice tests are reflective of the actual Series 66 NASAA Uniform Combined State Law Examination ?

At Exam Edge, we are proud to invest time and effort to make sure that Our FINRA practice tests are as realistic as possible. Our practice tests help you prepare by replicating key qualities of the real test, including:

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We have a team of professional writers that create our Series 66 NASAA Uniform Combined State Law Examination practice test questions based on the official test breakdown provided by the Financial Industry Regulatory Authority. We continually update our practice exams to keep them in sync with the most current version of the actual certification exam, so you can be certain that your preparations are both relevant and comprehensive.

Do you offer practice tests for other Financial Industry Regulatory Authority subjects?

Yes! We offer practice tests for 5 different exam subjects, and there are 35 unique exams utilizing 3300 practice exam questions. Every subject has a free sample practice test you can try too!
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