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FINRA Updated Series-7 Exam Questions and Answers by zohaan

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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: zohaan
Question 60

A mutual fund custodian is paid according to which of the following specifications when receiving deposits from a shareholder’s reinvestment plan?

Options:

A.

a commission for each share purchased

B.

a percentage of the sales charge

C.

a processing fee

D.

a percentage of the fund’s net asset value

Discussion
Question 61

After an extended period of backing and filling, a stock moves up sharply through a resistance level on heavy volume. A technical analyst would likely call this a:

Options:

A.

buy-in

B.

technical rally

C.

buying climax

D.

breakout

Discussion
Question 62

If recaptured deductions are added to income, recaptured investment tax credits are added to:

Options:

A.

income

B.

basis

C.

gains

D.

taxes

Discussion
Question 63

In the offering of new securities, members of the syndicate are permitted to sell to other dealers less the reallowance. The amount of the reallowance is determined by:

Options:

A.

the FINRA

B.

the issuing corporation

C.

the syndicate manager

D.

the SEC

Discussion
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