FINRA Series-7 Exam Dumps

FINRA Series-7 Exam Dumps

General Securities Representative Qualification Examination (GS)

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Total Questions : 400
Update Date : December 04, 2023
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What is FINRA Series-7 Exam ?

The FINRA Series 7 exam, also known as the General Securities Registered Representative Exam, is a securities exam that tests the knowledge of general securities representatives. It is a required exam for individuals who want to sell securities products, such as stocks, bonds, and options. The exam is 3 hours and 45 minutes long and consists of 135 multiple-choice questions. To pass the exam, you must score at least 72%.

The exam covers a wide range of topics, including:

Securities markets
Securities products
Trading and settlement
Customer accounts
Registration and disclosure
Sales practice and customer protection
The FINRA Series 7 exam is a challenging exam, but it is important to pass it if you want to work in the securities industry. There are a number of resources available to help you prepare for the exam, including study guides, practice exams, and online courses.

FINRA Series-7 Exam Dumps are practice tests that can help you prepare for the FINRA Series-7 Exam. These dumps are a great way to learn the material and practice answering questions in a similar format to the actual exam.

Here are some tips for using exam dumps:

Use Series-7 exam dumps to supplement your studies, not as a replacement for studying the material.
Use the Series-7 exam dumps to practice answering questions in a similar format to the actual exam.
Don't rely on Series-7 exam dumps to pass the exam. Make sure you study the material and practice answering questions.

By following these tips, you can use exam dumps to help you prepare for the FINRA Series-7 Exam and increase your chances of passing

Series-7 Sample Question Answers

Question 1

Bubba’s margin account has $1,000 of SMA. If he buys $20,000 of listed secu rities, how much fully paid margin stock must he deposit to respond to a Reg T requirement of 50%?

A. $20,000 
B. $9,000 
C. 10,000 
D. $18,000 

Question 2

If a customer dies, the registered representative is required to:

A. cancel all open (good ‘til cancelled) orders 
B. await instructions and necessary papers from the executor of the estate 
C. sell out the account 
D. both A and B 

Question 3

A tax-free rollover of assets between qualified retirement plans for the benefit of a specific individual is permitted so long as it is accomplished within:

A. 30 days 
B. 60 days 
C. 90 days 
D. one year 

Question 4

Which of the following organizations usually has a prominent role in guiding investment policies of mutual funds?

A. the plan company 
B. the management group 
C. the custodian bank 
D. the underwriter 

Question 5

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

A. automobile manufacturers 
B. airlines 
C. stock brokers 
D. public utility companies 

Question 6

Bubba buys a $4 convertible preferred with a $50 par value that is exchangeable for common stock at 47.50. If the preferred stock is trading at 52 and the common stock at 51,Bubba determines that the preferred stock is:

A. overpriced and will quickly decline 
B. selling at a 4% premium over conversion value 
C. underpriced and should rise quickly 
D. going to be called when the common stock price is $52 

Question 7

In a monthly review of customer statements, Bubba notices that one of his firm’s clients has paid for seven purchases five days late. What does he do?

A. decides this situation is acceptable provided payment was received before any securities were sold 
B. ascertains whether the client had a sufficient bank balance on settlement date 
C. nothing because this is not a violation provided the securities were not listed on the NYSE 
D. ascertains that extensions had been obtained under Reg T 

Question 8

Assuming all of the following bonds from the same issuer are callable now, which one would most likely get called first?

A. 8% maturing 1-15-2016 
B. 8% maturing 1-15-2007 
C. 4% maturing 1-15-2012 
D. 4% maturing 1-15-2007 

Question 9

Under what conditions may an FINRA member firm sell an IPO to an employee of another broker/dealer?

A. if the amount of the purchase is small and the transaction accords with the employee’s normal investment practice 
B. if the member firm notifies the other broker/dealer of the transaction 
C. if the employing broker/dealer guarantees that resale of the securities acquired by its employee will be restricted for two years 
D. under no circumstances 

Question 10

A group net order is one that benefits municipal syndicate members:

A. equally 
B. according to their percentage participation in the account 
C. according to the number of designated orders they’ve received 
D. according to the number of presale orders they’ve received 


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