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FINRA Series7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Job Functions Overview | - Function 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile
|
FINRA General Securities Representative Examination (GS) Sample Questions:
A mutual fund with an 8% load and a 1% redemption fee carries a current quote of $6.25 - $6.79. If an
investor has tendered his shares for redemption on that basis, the per share price he will receive is
approximately:
- A. $6.72
- B. $6.19
- C. $6.25
- D. $6.79
Correct Answer: B 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
What is the loan value on a call option held in a customer's margin account?
- A. 0
- B. the compliment of the FRB initial margin requirement for listed stocks
- C. 30%
- D. 50%
Correct Answer: A 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
A trust instrument drawn pursuant to the Trust Indenture Act of 1939 sets forth which of the following?
- A. the rights of stockholders
- B. the duties of the trustee
- C. the obligations of the issuing corporation
- D. both B and C
Correct Answer: D 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
Which of the following best describes depreciation?
- A. a tax credit available to investors in heavy equipment
- B. capitalized and amortized maintenance costs
- C. return of principal from real estate investments
- D. deductions from gross income to offset lower value of equipment
Correct Answer: D 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
Book value of a corporation is also know as:
- A. dilution value
- B. intangible value
- C. par value
- D. net tangible asset value per share
Correct Answer: D 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
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