The National Commodity Futures Examination is more commonly known as the Series 3 Exam. Passing the Series 3 is required by the National Futures Association in order to sell futures contracts. The test is administered by FINRA, and the primary topics include futures trading theory, regulation, hedging, and speculation. The best place to start your review is our free Series 3 practice exam.
Series 3 Exam Questions
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Long on the commodity and short the futures contract.
Long on the commodity and long the futures contract.
Short on the commodity and long the futures contract.
Short on the commodity and short the futures contract.
They are a type of day trader.
They hold positions for longer terms.
They seek to profit from short-term fluctuations.
They will only hold long positions.
0.15 * 5,000 = 750
There are 4 contracts: 4 * 750 = 3,000
Less commission: 3,000 − 90 = 2,910.
the cash price is above the futures price.
the cash price is below the futures price.
supplies of a commodity are high, driving down short-term prices.
none of the above.
Both futures and forwards.
None of the above.
4 dollars and 10 cents.
Related Exams and Resources
- Series 3 Study Guide – An overview of the best study guides available.
- Series 6 Practice Exam
- Series 7 Practice Exam
- Series 63 Practice Exam
Series 3 Exam
This exam consists of 120 multiple choice questions that must be completed within two hours and thirty minutes. It is a challenging test, so be sure to do plenty of Series 3 exam prep. Work through as many Series 3 sample questions as possible, starting with our free practice exam.