FINRA Series-7 Questions Answers

General Securities Representative Qualification Examination (GS) Questions and Answers

Question 25

A mutual fund custodian is paid according to which of the following specifications when receiving deposits from a shareholder’s reinvestment plan?

a commission for each share purchased

a percentage of the sales charge

a processing fee

a percentage of the fund’s net asset value

Question 26

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

8% maturing 1-15-2016

8% maturing 1-15-2007

4% maturing 1-15-2012

4% maturing 1-15-2007

Question 27

Customers who engage in increased activity of wiring money from their account could indicate which of the following activities?

Interpositioning

Churning

Crossing

Money laundering

Question 28

Which of the following would be least useful to an analyst making a technical market report?

advances and declines

new highs and lows

the short interest

predictions of recession in the economy