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: Nov 28, 2024

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Question 1

Bubba decides to buy equity securities. Which of the following statements is always true about what Bubba is buying?

A : ey are readily marketable

B : ey have a fixed rate of return

C : ey have a fixed maturity date

D : ey are not secured by collateral

Answer: D

Question 2

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

A : debenture

B : enior secured note

C : convertible

D : open-end mortgage

Answer: A

Question 3

Which of the following municipal securities carries the full faith and credit of the US government for payment of interest and principal if the issuer’s funds are insufficient?

A : neral obligation bonds issued municipalities

B : ecial tax bonds issued by municipalities

C : revenue bonds issued by municipal port authorities

D : w housing authority bonds issued by a public housing authority

Answer: D

Question 4

Bubba owns stock with cumulative voting rights. There are five vacancies on a board and he owns 100 shares of stock. Bubba is entitled to cast the following votes:

A : total of 100 votes

B : total of 100 votes per

C : total of 500 votes

D : u are not allowed to vote

Answer: C

Question 5

Which of the following best describes phantom income?

A : come from deductions and tax credits

B : non-taxable portion of a distribution

C : come received but not reported

D : income reported but not received

Answer: D

Page: 1 / 81

Total 405 Questions | Updated On: Nov 28, 2024

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