Series-7 Practice Online

Question 1

Which of the following sources provides news of prospective municipal securities sales to underwriters?

A : the Blue List

B : the daily Bond Buyer

C : the SEC News Digest

D : The Wall Street Journal

Answer: B

Question 2

A leveraged company is best described as one that has a small portion of its capitalization represented by:

A : common stock

B : preferred stock

C : debentures

D : convertible bonds

Answer: A

Question 3

An investment company incapable of issuing a long-term debt instrument is:

A : a face-amount certificate company

B : a unit investment trust

C : a closed-end investment company

D : an open-end investment company

Answer: D

Question 4

The most common type of bond issued by a well-established company is:

A : a debenture

B : a senior secured note

C : a convertible

D : an open-end mortgage

Answer: A

Question 5

Under what circumstances may a municipal securities dealer guarantee a customer against loss in market value of bonds?

A : under no circumstances

B : only if the agreement is in writing

C : only if the bonds are rated AAA or Aaa

D : only if the bonds are insured

Answer: A

Name:	General Securities Representative
Exam Code:	Series-7
Certification:	General Securities Representative
Vendor:	FINRA
Total Questions:	405
Last Updated:	Apr 24, 2024