New Release Series-7 General Securities Representative Questions

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

Question 9

What Federal Reserve Board regulation governs the extension of securities-related credit by banks?

Regulation G

Regulation T

Regulation U

Regulation X

Question 10

If a municipality has funds available to make a partial call of an issue of outstanding serial bonds, which bonds should be called first?

the shortest maturity

the maturity with the largest number of bonds

the longest maturity

the maturity bearing the lowest interest rate

Question 11

The cost of maintaining an investment in a mutual fund is best reflected in the:

custodial fee

sales charge

expense ratio

net investment income

Question 12

Bubba has several accounts at a brokerage firm. Which of the following is not covered by SIPC?

individual account in Bubba’s name only

commodities account in Bubba’s name only

joint account of Bubba and his wife

joint account of Bubba and his son, Bubba, Jr.