Series-7 VCE Exam Download

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

Question 77

When opening a brokerage account for a customer, a registered representative must determine the customer’s:

investment objectives

financial resources

financial requirements

all of the above

Question 78

To accommodate a customer’s order to buy an over-the-counter stock, a broker/dealer is permitted to:

sell him shares from the firm’s inventory

sell these shares short to the customer

act as agent on this transaction

all of the above

Question 79

Which of the following sets of prices is that of a closed-end investment company?

$7.50 $8.10

$10.10 $11.00

$28.14 $27.75

$20.15 $21.85

Question 80

Which of the following organizations usually has a prominent role in guiding investment policies of mutual funds?

the plan company

the management group

the custodian bank

the underwriter