General Securities Representative Series-7 Exam Questions and Answers PDF

Series 7 General Securities Representative Qualification Examination (GS) Questions and Answers

Question 89

Who owns a corporation?

the owners of debentures

the holders of common stock

the holders of common stock and the holders of preferred stock

the government

Question 90

What does the bond buyer placement ratio represent?

the amount of municipal bonds held by banks and insurance companies as a percentage of municipal bonds outstanding

the amount of municipal bonds distributed weekly as a percentage of each week’s new issue accounts of more than $1 million

the amount of municipal bonds offered in the daily Blue List as a percentage of the day’s new issue amounts of more than $1 million

the par value amount of municipal bonds offered in the Blue List as a percentage of the 30 -day visible supply for competitive and negotiated issues

Question 91

A mutual fund characterized by a modest sales charge and an investment in a fixed portfolio of municipal securities is a:

face-amount certificate company

unit investment trust company

management company

open-end or closed-end company

Question 92

Which of the following clients could not open a margin account?

an uncovered option writer

a corporation

a husband and wife in a joint account

a custodian under UGMA