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What is the duration, language, and format of FINRA Series 7 Certification Exam

  • Length of Examination: 225 minutes
  • Language: FINRA Series 7 offered in English (U.S.), Chinese (Simplified), Czech, Dutch, French, German, Hebrew, Italian, Japanese, Korean, Polish, Portuguese (Brazil), Russian, Spanish, and Turkish.
  • Passing score: 72%
  • Format: Multiple choices, multiple answers
  • Number of Questions: 125

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FINRA Series 7 Exam Reference

How to book FINRA Series 7 Certification Exams

Applicants wishing to take the Series 7 exam must be sponsored by a FINRA member company and FINRA has other Series 7 eligibility requirements. The company must submit a U4 form (uniform registration application in the field of qualifications) to register the candidate for the license exam. FINRA regulates the activities of brokerage firms and registered brokers, ensuring that anyone who sells securities products is qualified and tested. >> Series-7 Exam Learning <<

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FINRA General Securities Representative Qualification Examination (GS) Sample Questions (Q69-Q74):

NEW QUESTION # 69
Feasibility studies and engineering surveys are most necessary prior to which of the following new offerings?

  • A. general obligation bonds
  • B. limited tax bonds
  • C. revenue bonds
  • D. corporate debentures

Answer: C Explanation:
revenue bonds. The security for a revenue bond depends on the revenue produced by the specific facility. Engineering estimates of constructions costs and potential traffic flow are critical.
NEW QUESTION # 70
What is the name for the rate of discount from the list price that is paid to a municipal securities underwriting group member for its sales participation?

  • A. takedown
  • B. spread
  • C. concession
  • D. commission

Answer: A Explanation:
takedown. The takedown is an additional allowance on bonds sold by a member.
NEW QUESTION # 71
On which of the following is depreciation permitted?

  • A. rental property whose value is declining
  • B. property whose maintenance exceeds the investment credit
  • C. residential property not used for business
  • D. equipment subject to recapture

Answer: C Explanation:
residential property not used for business. Depreciation is only permitted on income-producing property.
NEW QUESTION # 72
Which of the following is true about option prices?

  • A. premiums on options of well-known companies are usually larger than on lesser-known companies
  • B. premiums on options for listed stocks are usually greater than on unlisted stocks
  • C. premiums on options of higher-priced stocks are usually greater than on lower-priced stocks
  • D. premiums on options of volatile stocks are usually larger than on less volatile stocks

Answer: D Explanation:
Explanation/Reference:
Explanation: premiums on options of volatile stocks are usually larger than on less volatile stocks. The likelihood of exercise increases with the volatility of a stock. Therefore, a higher premium is demanded.
NEW QUESTION # 73
Regulation T is set at 50%. Bubba's account contains long positions in the following securities with the prices listed:
100 ABC $30
200 XYZ $70
200 QBB $40
200 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
Bubba wants to buy 100 shares of DUM at $30 per share and 100 shares of OUT at $120. How much how much value of additional securities must Bubba deposit in lieu of depositing cash?

  • A. $3,000
  • B. $15,000
  • C. $9,000
  • D. $6,000

Answer: C Explanation:
$9,000. Since the required cash to deposit is $4,500 and Reg T is 50%, Bubba may deposit $9,000 of securities.
NEW QUESTION # 74
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