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FINRA Updated Series-7 Exam Questions and Answers by ezra

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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: ezra
Question 100

Common stocks for which of the following industries are most likely to decline in value when interest rates rise?

Options:

A.

automobile manufacturers

B.

airlines

C.

stock brokers

D.

public utility companies

Discussion
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Question 101

For an FINRA member firm to exercise discretionary power in any customer account requires written authorization by that customer except when:

Options:

A.

the customer is a spouse of the registered representative

B.

the customer has given an oral approval after the transaction

C.

only time and price of execution are involved

D.

both B and C

Discussion
Question 102

What is the maximum amount of gift to customers or other individuals related to the securities business that a registered representative is permitted to give?

Options:

A.

$500

B.

$200

C.

$100

D.

$50

Discussion
Question 103

Bubba purchases 100 shares of XYZ at 78 and, on the same day, writes 1 XYZ October 80 call for a premium of 4. If the option expires unexercised, what is Bubba’s profit on the 100 shares of stock?

Options:

A.

$200

B.

$400

C.

$600

D.

cannot be determined

Discussion
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