Series-7 Leak Questions

reclamation. In a reclamation a dealer requests that another dealer reclaim an improper delivery.

under no circumstances. No guarantees may be made against loss of market value because no one can guarantee the direction of the market. Insured bonds are protected against loss of principal and interest but not against market value depreciation.

they mature one to three years from the date of issuance. Remember the question asks what is “not” a characteristic of treasury bills. The other choices are aspects of treasury bills, which most commonly have maturities of 90 days but never longer than one year.

ease credit. A lower reserve requirement permits member banks to have more money available for lending, thus ease credit.