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FINRA General Securities Representative Series-7 New Questions

Page: 27 / 30
Total 400 questions
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Series 7 General Securities Representative Qualification Examination (GS) Questions and Answers

Question 105

Bubba buys an OTC stock from a firm that is a market -maker in the stock.

What may be said about the price he pays?

Options:

A.

it does not include a markup

B.

it includes a markup

C.

it includes a commission and a markup

D.

it includes a special fee

Question 106

Which of the following is normally the largest asset of a manufacturing company?

Options:

A.

sales

B.

inventory

C.

accounts receivable

D.

notes receivable

Question 107

The public offering price of the securities of an open-end management investment company is:

Options:

A.

determined by a method set forth in the prospectus of the issuer

B.

based upon net asset value of the securities underlying the shares of the issuer plus a 10 % sales charge

C.

determined by the relative demand for the shares of the issuer

D.

the price used by distributors in determining sales incentive discounts to individual purchasers

Question 108

According to FINRA Conduct Rules, a party judged guilty of a rule infraction by the District Business Conduct Committee may then appeal to:

Options:

A.

the SEC

B.

the FINRA Board of Governors

C.

the public court system

D.

the FINRA Board of Arbitration

Page: 27 / 30
Total 400 questions
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