Series 3 Sample Questions

Our Questions Mimic the Real Exam

Our courses reinforce retention over memorization with in-depth content and practice questions that mimic the actual test — so there are no surprises come exam day.

Closed & Open Stem

Most/Least/Best

Except or Not

Complex Multiple Choice


Team members collaborating

When demand for the U.S. dollar weakens, which of the following is true?

A.

The price of imports will decline

B.

The dollar will be able to buy more units of a foreign currency

C.

Foreign governments are more likely to invest in American businesses

D.

The price of foreign goods will rise

Leon shorts a SOFR futures contract at 96.20. His initial margin is $840 and he has a maintenance margin of $620. If the contract later settles at 95.90, how much additional margin must Leon deposit?

A.

$0

B.

$40

C.

$250

D.

$350

Which of the following is true of an NFA arbitration hearing?

A.

Testimony takes place under oath

B.

The use of attorneys is prohibited

C.

Individual parties (or in the case of a firm, a principal) must appear in person

D.

For amounts over $25,000, the Arbitration Panel will have three members

Ready to pass Series 3?