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FINRA Updated Series-7 Exam Questions and Answers by nansi

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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: nansi
Question 88

Bubba is eligible for a Roth IRA. He may convert his SEP-IRA to a Roth IRA:

Options:

A.

without restriction

B.

only after the two-year holding period

C.

after a 90-day holding period

D.

not ever

Discussion
Question 89

In a firm commitment offering, any shares that are not sold are:

Options:

A.

returned to the issuing corporation

B.

listed in the over-the-counter market

C.

transferred to treasury stock

D.

owned by the members of the syndicate

Discussion
Question 90

Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and SMA of $500.

What is the equity in Bubba’s account?

Options:

A.

$500

B.

$20,000

C.

$20,500

D.

$37,000

Discussion
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Question 91

The FINRA Conduct Rules permit a transaction made “seller’s option” to be delivered earlier than the expiration of the contract if:

Options:

A.

the buyer is given one-day notice in writing

B.

the seller is located in New York City

C.

the client requests it

D.

the buyer is a non-clearing member

Discussion
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