Series 65 Practice Test

130 questions117 minutesDetailed explanationsInstant scoring

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About the Real Series 65 Exam

NASAA Series 65 Investment Adviser Law exam. A strong, blueprint-matched practice run is one of the best predictors of how you will perform on the real exam.

Our Series 65 Practice Test

Our Series 65 practice test contains 130 original questions spanning Economics & Investments, Recommendations, Laws & Ethics. Each question mirrors the real exam's style and difficulty and includes a detailed explanation, so every question teaches you something.

What to Expect

Economics & Investments: Economics, analysis, products, portfolios.
Recommendations: Client profiles, strategies, taxation.
Laws & Ethics: Regulations, fiduciary duty, ethics.

Try a Sample Question

Series 65 — Sample · medium

Which monetary policy action by the Federal Reserve would most directly increase the money supply?

A Buying U.S. Treasury securities in the open market

B Selling securities to member banks

C Raising the discount rate

D Increasing reserve requirements

Explanation. Open market purchases by the Fed inject reserves into the banking system, expanding the money supply. Raising the discount rate, increasing reserve requirements, and selling securities are all contractionary actions that reduce the money supply.

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