Series 24: Answers

Taken from our Series 24 Online Guide

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Answers

1. Answer: B. Rationale: Listed companies are expected to be well-financed and offer a liquid market for its securities. Number of shares outstanding, board lot shareholders and market makers are three indicators of the latter. The Capital Market is for small cap companies. Blue chip companies represented on Nasdaq’s Global Select must have four market makers.
2. Answer: B. Rationale: The use of Additional MPIDs is considered a privilege by FINRA, not a right. Additional MPIDs can be requested by a FINRA Market Participant after they have received their first MPID (referred to as their “Primary MPID”).
3. Answer: B. Rationale: The inside market represents essentially the best bid and ask available between dealers. Insider trading describes the illicit use of nonpublic information. The market which involves trades between instit

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I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

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