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FINRA Updated Series-7 Exam Questions and Answers by zayaan

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FINRA Series-7 Exam Overview :

Exam Name: Series 7 General Securities Representative Qualification Examination (GS)
Exam Code: Series-7 Dumps
Vendor: FINRA Certification: General Securities Representative
Questions: 400 Q&A's Shared By: zayaan
Question 72

Which of the following is the least important method of money control exercised by the Federal Reserve?

Options:

A.

reserve requirements

B.

open market operations

C.

discount rate

D.

Regulation T

Discussion
Question 73

Which of the following will not result in termination of a limited partnership?

Options:

A.

transfer of ownership of a limited partnership interest

B.

sale or transfer of partnership assets

C.

majority vote of the limited partners to end the partnership

D.

arrival of the termination date established in the partnership agreement

Discussion
Question 74

Regulation T is set at 50%. Bubba’s account contains long positions in the following securities with the prices listed:

100 ABC $30

200 XYZ $70

200 QBB $40

200 KKK $25

Total market value = $30,000

Debit balance in the account = $12,000

Net equity balance of the account = $18,000

Bubba wants to buy 100 shares of DUM at $30 per share and 100 shares of OUT at $120. How much additional money must be deposited?

Options:

A.

$6,000

B.

$7,000

C.

$4,500

D.

$1,500

Discussion
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Question 75

Bubba Corporation has 3,500,000 shares of common stock outstanding and its trading volume in the few weeks has been as follows:

Week 1 - 43,000

Week 2 - 30,900

Week 3 - 37,500

Week 4 - 42,600

Week 5 - 33,000 (the most recent week)

If an affiliated person wanted to liquidate some of his holding of 100,000 shares pursuant to SEC Rule 144, how many shares could he sell?

Options:

A.

35,000

B.

36,000

C.

37,400

D.

38,500

Discussion
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