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Finra Series-7 Exam Questions

Exam Name: General Securities Representative ination (GS)
Exam Code: Series-7
Related Certification(s): Finra General Securities Representative Certification
Certification Provider: Finra
Actual Exam Duration: 360 Minutes
Number of Series-7 practice questions in our database: 400 (updated: Oct. 20, 2024)
Expected Series-7 Exam Topics, as suggested by Finra :
  • Topic 1: Prospectus in a Registration Statement at the Time of Effectiveness/ Limitations on Benefits and Contributions Under Qualified Plans
  • Topic 2: Authorization Records for Negotiable Instruments Drawn from a Customer’s Accounts/ Standards and required approvals of public communications
  • Topic 3: Seminars, lectures and other group forum requirements/ Persons Deemed Not To Be Engaged in a Distribution and Therefore Not Underwriters
  • Topic 4: Restrictions on the Purchase and Sale of Initial Equity Public Offerings/ Networking Arrangements Between Members and Financial Institutions
  • Topic 5: Transactions withEmployees and Partners of Other Municipal Securities Professionals/ Communications with the Public about Variable Life Insurance and Variable Annuities
  • Topic 6: Summary Prospectuses for Open-End Management Investment Companies/ Approval and Documentation of Changes in Account Name or Designation
  • Topic 7: Communications with the Public about Collateralized Mortgage Obligations (CMOs)/ Options-related communications; options disclosure document (ODD)
Disscuss Finra Series-7 Topics, Questions or Ask Anything Related

Alease

5 days ago
Happy to help! Remember to manage your time well during the exam. Pass4Success's practice tests really helped me with pacing. Best of luck on your Series 7!
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Twana

9 days ago
I’m thrilled to share that I passed the GS exam. The Pass4Success practice questions were spot on. One question that stumped me was about providing customers with investment recommendations. It asked how to balance between a client's short-term needs and long-term goals. I wasn't completely confident in my answer, but I still passed.
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Lashandra

16 days ago
Whew, GS exam was tough but I made it! Pass4Success really came through with relevant prep materials.
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Aleta

19 days ago
Thanks so much for all the tips! I feel more prepared now.
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Vivan

22 days ago
Just passed the GS exam! The Pass4Success practice questions were a lifesaver. There was a tricky question about evaluating a customer's financial profile before opening an account. It asked how to assess a client's risk tolerance and investment objectives. I had to think hard about the best approach, but it worked out in the end.
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Ressie

1 months ago
Happy to help! Pass4Success really made a difference in my prep. Good luck on your exam!
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Elizabeth

1 months ago
I recently passed the GS exam, and I have to say that the Pass4Success practice questions were incredibly helpful. One question I remember was about the process of confirming transactions. It asked about the specific steps a broker-dealer must take to ensure the accuracy of a customer's purchase instructions. I wasn't entirely sure about the sequence, but I managed to get through it.
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Paz

2 months ago
Just passed the FINRA GS exam! Thanks Pass4Success for the spot-on practice questions. Saved me so much time.
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Dean

3 months ago
My exam experience was successful as I passed the Finra General Securities Representative exam. Pass4Success practice questions were instrumental in helping me prepare for the exam. One question that stood out to me was about authorization records for negotiable instruments drawn from a customer's accounts. It was a tricky question, but I was able to navigate through it and pass the exam.
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Edda

4 months ago
Just passed the Series 7 exam! Watch out for questions on options strategies, especially spreads and straddles. Make sure you understand how they work and their risk profiles. Pass4Success really helped me prepare with spot-on practice questions. Thanks for saving me time!
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Christiane

4 months ago
I passed the Finra General Securities Representative exam with the help of Pass4Success practice questions. The exam was challenging but I felt well-prepared thanks to the practice questions. One question that I was unsure of was related to the limitations on benefits and contributions under qualified plans. Despite my uncertainty, I managed to pass the exam.
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Free Finra Series-7 Exam Actual Questions

Note: Premium Questions for Series-7 were last updated On Oct. 20, 2024 (see below)

Question #1

Which of the following persons would consider annual reports of a corporation as the most important factor in making investment decisions?

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Correct Answer: D

a fundamental analyst. These analysts are guided by computations about a company's performance using data in annual reports.


Question #2

Bubba buys one XYZ November 65 call at $3 and one XYZ November 65 put at $2. XYZ is trading at $72. The put expires and the call is closed at its intrinsic value.

What is the resulting profit?

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Correct Answer: A

$200. Since XYZ is trading at 72, a November 65 call has an intrinsic value of $700. A sale at that value compared to the cost of $300 is a profit of $400. Subtract the loss of $200 on the expired put to obtain the profit of $200.


Question #3

Bubba is long spot Canadian dollars at 0.7400. If he wants to buy one put option on Canadian dollars with a strike price of 74 and a cost of $0.35, what is Bubba's breakeven price for Canadian dollars?

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Correct Answer: D

0.7435. The put protects against a decline in the exchange rate for Canadian dollars. However, the cost of the put raises the breakeven point to 0.7435 (0.7400 + 0.0035).


Question #4

In early September, Bubba buys 100 shares of XYZ for $83 per share and simultaneously writes one XYZ March 90 call for $4.

What is the price for XYZ stock at which Bubba will breakeven?

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Correct Answer: D

$79. Bubba's breakeven is his cost of the stock less the premium he received ($83 - $4).


Question #5

Which of the following options positions is characteristic of a short straddle?

Reveal Solution Hide Solution
Correct Answer: C

long one put and short one call. This is a short straddle. A position that is long one put and long one call is a long straddle.



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