Series-7 Exam Dumps - FINRA General Securities Representative Questions and Answers

Munifacts. This is a wire service provided by the daily Bond Buyer. It displays information on municipal traders, underwriters, and other participants in the fixed income markets.

$2,000. Bubba started with $6,000 of equity and a debit balance of $4,000. The market value of his XYZ stock increased by $5,000 ($15,000 - $10,000). Therefore, his equity increased to $11,000. Since Bubba only needs 60% equity, his Reg T requirement is $9,000 ($15,000 x 60%). His equity exceeds the requirement by $2,000.

the registered representative. Assuring that limited partners meet net wroth and income requirements is the responsibility of the registered representative.

trading in outstanding issues. Secondary market transactions involve trading in securities after the original issue is made. When an issuer offers new securities to the public it is a “primary offering”.

commodities account in Bubba’s name only. SIPC does not cover commodities accounts.

permits recovery of more than the original cost. Percentage depletion is only available for small producing wells.

in a community property state a married woman must open a brokerage account with her husband. All of the other choices are true. Only choice A is “not” true.

predictions of recession in the economy. All of the other choices are technical market indicators. An economic forecast is “fundamental” market data.

when interest rates fall. Homeowners are most likely to refinance when rates are lower than the past.

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