SERIES 42
Series 42 is an examination under the Financial Industry Regulatory Authority (FINRA) to become licensed options representatives of brokers/dealers or principal that are member of FINRA. Series 42 was made to challenge the knowledge of test takers regarding the options terminology, customer account management, record-keeping, overall broker conduct, trading strategies,and settlement practices. The exam is composed of 50 questions to be accomplished within 1.5 hours with a passing grade of 70%.
POPULAR TERMS
Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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