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ICMA SOFQ Securities Operations Foundation Qualification (SOFQ) Exam Practice Test

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Total 50 questions
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Securities Operations Foundation Qualification (SOFQ) Questions and Answers

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Question 1

The abbreviation WAC stands for:

Options:

A.

Wheel and Calculate

B.

Weighted Average Cost

C.

West Against Charge

D.

Wait About Control

Question 2

The price of a bond trade which excludes accrued interest is known as:

Options:

A.

A dirty price

B.

A fresh price

C.

A clean price

D.

A cloudy price

Question 3

The calculation of profit and loss for securities includes:

Options:

A.

Realised (potential) P&Land Unrealised (actual) P&L

B.

Realised (projected) P&L and Unrealised (authentic) P&L

C.

Realised (predicted) P&L and Unrealised (likely) P&L

D.

Realised (actual) P&Land Unrealised (potential) P&L

Question 4

A firm executing a securities trade in the capacity of agency broker intends:

Options:

A.

To take a securities position, and to remain market risk neutral

B.

Not to take a securities position, and not to remain market risk neutra

C.

Not to take a securities position, and to remain market risk neutral

D.

To take a securities position, and not to remain market risk neutral

Question 5

A firm executing a securities trade in the capacity of agency broker intends:

Options:

A.

To take a securities position, and to remain market risk neutral

B.

Not to take a securities position, and not to remain market risk neutra

C.

Not to take a securities position, and to remain market risk neutral

D.

To take a securities position, and not to remain market risk neutral

Question 6

A European country that has not adopted the Euro is:

Options:

A.

Belgium

B.

Slovakia

C.

Slovenia

D.

Norway

Question 7

The International Monetary Fund is an example of:

Options:

A.

A supranational organisation

B.

A sovereign wealth fund

C.

An investment bank

D.

A securities market regulator

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Total 50 questions
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