Free FINRA Series-7 Exam Questions

Become FINRA Certified with updated Series-7 exam questions and correct answers

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Total 405 Questions | Updated On: Mar 26, 2025

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Question 1

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

A : mmon stock

B : eferred stock

C : debentures

D : nvertible bonds

Answer: A

Question 2

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

A : der no circumstances

B : ly if the agreement is in writing

C : ly if the bonds are rated AAA or Aaa

D : ly if the bonds are insured

Answer: A

Question 3

If the Federal Reserve wished to ease credit, which of the following steps would it take?

A : ise the discount rate

B : rchase securities in the open market

C : wer reserve requirements

D : th B and C

Answer: D

Question 4

Convertible preferred stock has all of the following characteristics except:

A : lower dividend rate than non-convertible preferred

B : dilution of earnings if converted into common stock

C : requirement for shareholders to always accept the call price when called

D : quired dividend payments to shareholders before any dividends are paid to holders of common stock

Answer: C

Question 5

How often must Investment companies issue financial statements to shareholders?

A : nthly

B : arterly

C : mi-annually

D : nually

Answer: C

Page: 1 / 81

Total 405 Questions | Updated On: Mar 26, 2025

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