Series 65 Practice Questions by Topic
Master all 36 NASAA exam topics with free practice questions. The Series 65 exam has 130 scored questions across four major sections. Select a topic below to practice.
Section I: Economic Factors and Business Information
Basic Economic Concepts
Practice Series 65 questions on GDP, inflation, interest rates, business cycles, and monetary/fiscal policy fundamentals.
Financial Reporting
Series 65 questions on income statements, balance sheets, cash flow statements, SEC filings, and accounting fundamentals.
Analytical Methods
Practice questions on time value of money, NPV, IRR, statistical concepts, and quantitative analysis methods.
Types of Risk
Series 65 questions on systematic vs unsystematic risk, market risk, credit risk, interest rate risk, and inflation risk.
Master Economic Concepts Faster
CertFuel uses spaced repetition to help you retain GDP, inflation, and business cycle concepts. Stop re-learning what you forgot.
Access Free BetaSection II: Investment Vehicle Characteristics
Cash and Cash Equivalents
Practice questions on money market instruments, Treasury bills, commercial paper, and short-term securities.
Types of Fixed Income Securities
Series 65 questions on government bonds, corporate bonds, municipal bonds, and agency securities.
Fixed Income Characteristics and Valuation
Practice questions on bond yields, duration, credit ratings, call features, and bond valuation methods.
Types of Equity Securities
Series 65 questions on common stock, preferred stock, ADRs, warrants, and rights.
Characteristics of Equity Securities
Practice questions on shareholder rights, voting, dividends, stock splits, and liquidation preferences.
Equity Valuation Methods
Series 65 questions on P/E ratios, dividend discount model, book value, and fundamental analysis.
Types of Pooled Investments
Practice questions on mutual funds, ETFs, closed-end funds, UITs, and REITs.
Characteristics of Pooled Investments
Series 65 questions on NAV calculation, expense ratios, share classes, and fund fees.
Types of Derivative Securities
Practice questions on options, futures, forwards, and swaps.
Characteristics of Derivative Securities
Series 65 questions on options strategies, intrinsic value, time value, and hedging.
Alternative Investments
Practice questions on hedge funds, private equity, commodities, and real assets.
Insurance-Based Products
Series 65 questions on variable annuities, fixed annuities, and variable life insurance.
Other Assets
Practice questions on digital assets, cryptocurrencies, and emerging investment vehicles.
Never Confuse Investment Vehicles Again
Bonds, equities, options, annuities. CertFuel's adaptive questions ensure you know the differences cold on exam day.
Access Free BetaSection III: Client Investment Recommendations and Strategies
Type of Client
Series 65 questions on individual vs institutional clients, business entities, and trusts.
Client Profile and Data Gathering
Practice questions on risk tolerance, investment objectives, time horizon, and suitability analysis.
Capital Market Theory
Series 65 questions on CAPM, efficient market hypothesis, modern portfolio theory, and risk-return tradeoffs.
Portfolio Management Styles
Practice questions on active vs passive management, growth vs value investing, and investment strategies.
Portfolio Management Techniques
Series 65 questions on asset allocation, diversification, rebalancing, and dollar-cost averaging.
Tax Considerations
Practice questions on capital gains, tax-loss harvesting, qualified dividends, and tax-advantaged accounts.
Retirement Plans
Series 65 questions on 401(k), IRA, Roth IRA, SEP, SIMPLE, and pension plans.
Special Types of Accounts
Practice questions on UTMA/UGMA, 529 plans, ESAs, and custodial accounts.
Ownership and Estate Planning
Series 65 questions on JTWROS, tenants in common, trusts, gifting, and wealth transfer strategies.
Trading Securities
Practice questions on order types, margin accounts, short selling, and trade execution.
Portfolio Performance Measures
Series 65 questions on alpha, beta, Sharpe ratio, and risk-adjusted returns.
Nail Client Recommendations
Portfolio theory and suitability rules are 30% of your exam. CertFuel targets the concepts you struggle with most.
Access Free BetaSection IV: Laws, Regulations, and Guidelines
Regulation of Investment Advisers
Series 65 questions on IA registration, SEC vs state jurisdiction, and federal covered advisers.
Regulation of Investment Adviser Representatives
Practice questions on IAR registration, notice filing, and state registration requirements.
Regulation of Broker-Dealers
Series 65 questions on broker-dealer registration, agent requirements, and BD exclusions.
Regulation of Securities and Issuers
Practice questions on securities registration, exempt securities, and exempt transactions.
Ethical Practices
Series 65 questions on conflicts of interest, disclosure requirements, and ethical obligations.
Fiduciary Obligations
Practice questions on fiduciary duty, duty of care, duty of loyalty, and best interest standard.
Prohibited Practices
Series 65 questions on churning, front-running, insider trading, and market manipulation.
Administrative Provisions
Practice questions on Form ADV, brochure rule, recordkeeping, custody, and advertising.