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For
Course Descriptions and Prices
Please Download The Catalog and
Order Form
FOREIGN
CURRENCY OPTIONS
Either
the NASD Series 7 or NASD Series 15 exams qualify an individual
to accept customer orders for foreign currency options. To become
a Foreign Currency Option Principal, a candidate must successfully
pass the following exams: NASD Series 3, 4; in combination of
either Series 7 or 15.
The
Foreign Currency Options Qualification examination consists of
50 questions worth two points each. A time limit of 90 minutes
is allowed, and a passing grade is 70%. Test results will usually
be return to the sponsoring firm within ten business days after
the examination date.
A
foreign currency transaction occurs whenever the currency of one
country is purchased with the currency of another country. The
price at which such a purchase occurs is called the foreign exchange
rate. This affects the profitability of importation and exportation.
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Topics |
Number
of Question
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1.
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Option
Contract Specifications |
20
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a.
Premiums
b. Exercise and exercise prices
c. Delivery
d. Ticker Symbols
e. Expiration
f. Trading Hours
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2.
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Underlying
Foreign Currencies |
12
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a.
Spot Rates
b. Interbank Market
c. U. S./European Terms
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3.
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Strategies |
5
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a.
Covered Writing
b. Trading Strategies
c. Tax Effects
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4.
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Sales
Practices |
13
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a.
Account Management
b. Discretionary Accounts
c. Position and Exercise Limits
d. Disclosure Document Requirements
e. Margin Requirements
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Test-N-Learn Company and its affiliates attempt to be as accurate
as possible. However, Test-N-Learn Company does not warrant that
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web site is error-free. Prices
and other information in this document are subject to change without
notice.
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