The Securities Investor Protection Corporation (SIPC) provides protection to the investor from:
A) declining security prices.
B) low or missing dividend payments.
C) brokerage firm failure.
D) using margin requirements.
E) maintaining a minimum balance.
C
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Insurance producers may be licensed to write one or more of the following lines of insurance EXCEPT:
A) celebrity insurance. B) credit life and credit accident and health insurance. C) miscellaneous insurance. D) variable contracts.
Nancy's books and records reflect the following for the year. Which transaction would require filing Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return?
A. Gratuitously transferred a vehicle with a fair market value of $22,000 to her fiance a month before they were married. B. Donated $15,000 to a qualified political organization. C. Paid $22,000 to St. Francis Hospital for her aunt's unreimbursed medical expenses. D. Paid $15,000 to State University for her brother's tuition.