How Do You Stack Up?

This quiz is offered as a information for the industry and depends on the honesty and integrity of the respondents. Cannon makes no claim, judgement, or recommendation based on the results of this quiz.

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	1. When firms operate as a broker, which of the following is true?
	A. They often buy and sell securities for their own account and risk B. They do not charge a commission for executing trades C. They never own the securities D. They usually earn profits by purchasing securities at low costs and selling them at the highest price on the stock market

	2. Regarding the major responsibilities of the Securities Exchange Commission (SEC), which statement below is true?
	A. It regulates state securities laws to provide information and protection for all investors B. It regulates securities firms and banks that deal in municipal securities bonds C. It ensures the provision of full and fair disclosure of all material facts concerning securities offered for public investment D. None of the above

	3. Which of the following terms represents the lowest price a seller is willing to accept for a security?
	A. Bid price B. Floor C. Spread D. Ask Price

	4. Which statement below is true regarding loan products?
	A. Long-term loans usually include notes, bills of exchange, or term loan agreements B. A mortgage is a type of loan product that always has a fixed interest rate C. Secured credit does not require collateral D. A borrower's eligibility for a loan is dependent upon the borrower's credit

	5. __________________ may offer the prospect of capital growth and corporate ownership.
	A. Corporate bonds B. Debentures C. Debt securities D. Equity securities

	6. Which statement below best describes fixed income securities?
	A. They provide a fixed, but lower, return to investors and cannot be traded on the open market B. The payments on fixed income securities change based on an underlying measure, such as short-term interest rates C. These types of assets offer a higher return on investment D. They provide a return in the form of fixed periodic payments and the eventual return of principal at maturity

	7. Which of the following is a role of a custodian?
	A. Hold assets, such as equities and bonds, in safekeeping B. Arrange settlement of any purchases and sales of such securities C. Collect related information and income from assets (dividends for equities, interest for bonds) D. All of the above

	8. Which of the following is the specific interest rate of a bond?
	A. Market value B. Face value C. Coupon rate D. LIBOR rate

	9. Which item below is a measure of volatility?
	A. Standard Deviation B. Sharpe's Ratio C. R² (Coefficient of Determination) D. Correlation Coefficient

	10. Which of the following is NOT a major asset class?
	A. Cash B. Stocks C. Bonds D. Derivatives

	11. An investor's asset allocation model is based on which of the following?
	A. Risk profile B. Investment goals C. Time horizon D. All of the above

You're almost done! So we can tell you "How you stack up" we need to know some basic information about you. All information is provided anonymously and voluntarily. For a comparison to other participants like you must answer the 5 questions below. If any questions are left blank you will only receive your test score.

Which of these best describes your company?

Which of these best describes your primary role?

Length of Service in your primary role?

What is your total annual compensation? $

Have you attended a Cannon course during your career?