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

a guaranteed corporate bond. All of the other securities are obligations of the US government, which is considered to have minimal or no risk.

the Saturday following the third Friday of the expiration month. It is NOT the third Saturday. The final day to trade options is the third Friday of the expiration month. The options expire the next da y.

120%. The toll facility usually sets rates to cover 120% of maintenance and debt service.

the custodian can also be the transfer agent. This has become increasingly common. None of the other choices are correct.

agency sales OTC. Markup policy applies to basically all securities other than government and municipal offerings expect where the security is offered under a current prospectus. Choices C and D are offered under a prospectus. Choice B involves municipal securities. Therefore, choice A is the only correct answer.

a majority of the shareholders. Any factors that materially affect the interests of shareholders must be approved by a majority vote of the shareholders.

carrying margin accounts. A call loan is made to brokers who use securities as collateral. They are usually made to finance the debit balances in margin accounts.

a closed-end investment company. An open-end investment company may have a sales charge but not a commission.

mini-max. These offerings state the minimum and maximum number of shares offered.

the specific bid and offering terms of the issue. The bid and offering terms are determined after the syndicate letter to underwriters.