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Series-7 Exam Dumps - Series 7 General Securities Representative Qualification Examination (GS)

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Question # 65

Bubba wants to buy 500 shares of an NYSE listed stock at 38.87 but he wants to buy at one time, right away, or else forget it.

What kind of order should the registered representative enter?

A.

fill or kill

B.

all or none

C.

immediate or cancel

D.

now or never

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Question # 66

What Federal Reserve Board regulation governs the extension of securities-related credit by banks?

A.

Regulation G

B.

Regulation T

C.

Regulation U

D.

Regulation X

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Question # 67

Which of the following items is not deducted to determine a corporation’s net income?

A.

taxes

B.

dividends

C.

interest

D.

all of the above

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Question # 68

The net asset value of a mutual fund was $9.72 last month. This month it is calculated at $9.85.

What is the change in value called?

A.

yield

B.

asset revaluation

C.

appreciation

D.

capital gain

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Question # 69

Distribution from an IRA can begin at age 59½ and must begin by age:

A.

70½

B.

65

C.

68

D.

whenever the individual is retired

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Question # 70

Which of the following sets of prices is that of a closed-end investment company?

A.

$7.50 $8.10

B.

$10.10 $11.00

C.

$28.14 $27.75

D.

$20.15 $21.85

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Question # 71

A 5% markup policy applies to:

A.

riskless transactions

B.

primary distributions

C.

registered secondaries

D.

mutual funds

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Question # 72

Bubba opens a margin account and sells short 100 shares of XYZ at $50. Assuming a Reg T requirement of 50%, what is the opening balance in Bubba’s account?

A.

$10,000

B.

$7,500

C.

$5,000

D.

$2,500

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