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FINRA Updated Series-7 Exam Questions and Answers by wiktoria

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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: wiktoria
Question 28

Which of the following forms of underwriting is least likely for an offering of municipal bonds?

Options:

A.

negotiated

B.

competitive bid

C.

firm commitment

D.

best efforts

Discussion
Question 29

Bubba’s margin account has $2,000 of SMA. If he buys $10,000 of new securities, how much additional cash must he deposit assuming a Reg T requirement of 50%?

Options:

A.

$3,000

B.

$4,800

C.

$5,000

D.

$6,000

Discussion
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Question 30

Which of the following statements is pertinent to closed-end investment companies?

Options:

A.

they are continuously issuing new shares

B.

they are prohibited from issuing any securities other than common stock

C.

their shares are traded at prices determined in the open market

D.

their shares are redeemable at net asset value

Discussion
Question 31

A NYSE floor member executing an order for a public customer asks the specialist in the stock to guarantee a price while giving the customer an opportunity to obtain a better price. This procedure is known as:

Options:

A.

a stop order

B.

stopping stock

C.

floor protection

D.

a special deal

Discussion
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