Sure Pass Exam Series-7 PDF

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

Question 113

Which of the information below does not appear in the official notice of sale?

the type of bond

the amount of required good faith check

the names of underwriting syndicate members

the method and place of settlement

Question 114

Bubba wants to buy a US treasury bond with a bid of 97.28 and an asking of 98.2.

How were these prices established?

by the FINRA

by the Federal Reserve Board

by competitive biding

by the terms of the bond

Question 115

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

may not be levied under FINRA Conduct Rules

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

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

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

Question 116

Limited partnerships try to avoid recapture because:

it turns potential capital gains into current taxable income

it may subject the partnership to the add-on tax

it increases the risk of a tax audit

it always increases the investor’s tax bracket