New Release Series-7 General Securities Representative Questions

to be executed at a specific price or better. Choice A is only a buy limit order and choice B is only a sell limit order. Choice C is the correct definition of a “limit order”.

Regulation U. Regulation T is the extension of credit by broker/dealers. Reg U relates to the extension of credit by banks on securities.

a legal authority created for this purpose. Bonds with a leaseback arrangement are issued by a specially created entity.

$3.75. Three-eighths of a $1,000 bond with a par price of 100.00 equals $3.75.