Q:

Committing acts against the Commodity Exchange Act can result in fines up to:

a) $25,000
b) $50,000
c) $100,000
d) $250,000

A:

The correct answer is c) $100,000

Commodity Exchange Act violations carry monetary penalties up to $100,000.
© 2004 American Investment Training, Inc.


RELATED FAQS

  1. A “normal market” is also called a (an): A) Inverted market b) Carrying charge market ...

    Free info on financial certification exams including study guides, exam questions, and much more!
  2. A customer has a short margin account. The account has equity of $15,000 ...

    Free info on financial certification exams including study guides, exam questions, and much more!
  3. You observe the following exchange rates in the following markets ...

    Free info on financial certification exams including study guides, exam questions, and much more!
  4. Customer account records of NFA members must be kept for ...

    Free info on financial certification exams including study guides, exam questions, and much more!
  5. Which of the following would be considered a short hedge ...

    The correct answer is a) Long the commodity and short the futures
  6. KLM Corporation shares just paid a dividend of $1.34. Earnings are expected to grow ...

    Free info on financial certification exams including study guides, exam questions, and much more!
RELATED TERMS
  1. Commodity Exchange Act - CEA

    An act passed in 1936 by the U.S. Government that provides federal ...
  2. Commodity Market

    A physical or virtual marketplace for buying, selling and trading ...
  3. Grain Futures Act of 1922

    A federal statute passed in 1922 by the U.S Government that established ...
  4. Securities Act Of 1933

    A federal piece of legislation enacted as a result of the market ...
  5. Series 66

    An exam administered by the Financial Industry Regulatory Authority ...
  6. Series 65

    A securities license required by most U.S. states for individuals ...
Hot Definitions
  1. Federal Direct Loan Program

    A program that provides low-interest loans to postsecondary students and their parents. The William D. Ford Federal Direct ...
  2. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  3. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  4. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  5. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  6. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
Trading Center