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General Securities Representative Series-7 Passing Score

Page: 10 / 15
Total 400 questions
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General Securities Representative Qualification Examination (GS) Questions and Answers

Question 37

Level III of NASDAQ provides which of the following?

Options:

A.

representative quotations

B.

firm quotations

C.

subject markets

D.

workout markets

Question 38

Service charges by a FINRA dealer for transfer and safekeeping of customer securities held in street name:

Options:

A.

may not be levied under FINRA Conduct Rules

B.

may not be levied unless there is no trading in the account for more than six months

C.

may be levied only if the security has a value of less than $5,000

D.

may be levied only if the charge if fair, reasonable, and non-discriminatory

Question 39

Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and SMA of $500.

What is the NYSE minimum equity maintenance for this account?

Options:

A.

$5,500

B.

$6,000

C.

$6,600

D.

$12,600

Question 40

In what broad category of municipal bonds are “limited tax” bonds placed?

Options:

A.

general obligation

B.

special tax

C.

revenue

D.

new housing authority

Page: 10 / 15
Total 400 questions
Get Series-7 Full Access Download Series-7 PDF