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FINRA Updated Series-7 Exam Questions and Answers by adil

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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: adil
Question 12

An offering price of 102 plus accrued interest applies to which of the following securities?

Options:

A.

treasury bills

B.

certificates of deposit

C.

commercial paper

D.

banker’s acceptances

Discussion
Question 13

A registered representative privately assures a customer that a certain stock will double within 18 months. During this period the stock the stock performs as predicted.

Which of the following statements is true?

Options:

A.

the commentary was permissible because the stock advanced as the registered representative forecast

B.

this is a violation because the SEC requires all information about stock prices to be publicly announced

C.

this statement constituted a form of fraud prohibited under the Securities Exchange Act of 1934

D.

the comment is permissible only if the representative had been registered with the SEC under the Investment Advisors Act of 1940

Discussion
Question 14

A registered representative is given a limited trading authorization by a client. This permits the representative to:

Options:

A.

withdraw money from the account

B.

enter orders for the account at the representative’s discretion

C.

withdraw securities from the account

D.

all of the above

Discussion
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Question 15

Which of the following best describes phantom income?

Options:

A.

income from deductions and tax credits

B.

the non-taxable portion of a distribution

C.

income received but not reported

D.

income reported but not received

Discussion
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