FINRA General Securities Representative Examination (GS) - Series7 Exam Practice Test
A mutual fund custodian is paid according to which of the following specifications when receiving deposits
from a shareholder's reinvestment plan?
from a shareholder's reinvestment plan?
Correct Answer: D
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
Bubba buys a US treasury bond. The interest he earns is:
Correct Answer: A
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
An issuer is most likely to request an investment letter from the purchaser in connection with which of the
offerings?
offerings?
Correct Answer: B
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
According to FINRA Conduct Rules, a party judged guilty of a rule infraction by the District Business
Conduct Committee may then appeal to:
Conduct Committee may then appeal to:
Correct Answer: C
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
An investor purchasing a corporate bond regular way will have to pay the contracted price plus accrued
interest:
interest:
Correct Answer: A
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
Regulation T is set at 50%. Bubba's account contains long positions in the following securities with the
prices listed
1 00 ABC $30
2 00 XYZ $70
2 00 QBB $40
2 00 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
What is the buying power in Bubba's account?
prices listed
1 00 ABC $30
2 00 XYZ $70
2 00 QBB $40
2 00 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
What is the buying power in Bubba's account?
Correct Answer: A
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
Which of the following is not an intangible drilling cost?
Correct Answer: C
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
Which of the following is not a characteristic of treasury bills?
Correct Answer: C
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
If the Federal Reserve wished to ease credit, which of the following steps would it take?
Correct Answer: C
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).