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| Vendor: | Finra |
|---|---|
| Exam Code: | Series-7 |
| Exam Name: | General Securities Representative Examination (GS) |
| Exam Questions: | 400 |
| Last Updated: | April 6, 2026 |
| Related Certifications: | General Securities Representative |
| Exam Tags: | General Securities |
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Which of the following municipal bonds may be grouped under the classification of ''revenue bonds''?
special tax. The other categories are not revenue bonds. Special tax is the only type that fits the general grouping.
If federal excise taxes were increased by the government, what would the typical investor do about his securities portfolio?
take no action as a result of the tax increase. Excise taxes normally are not important to the typical investor. They generally have little relative effect on securities prices.
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?
fill or kill. This type of order is cancelled if the entire amount cannot be executed.
Prospective bidders for a municipal bond being issued should consult what document for relevant procedures?
the official notice of sale. All bid requirements are found in the official notice of sale.
Which of the following may occasionally be purchased at a discount from net assets value?
closed-end funds. Mutual funds are purchased at NAV (when no-load) or NAV plus a sales charge. The pricing of closed-end funds is determined by market activity and has no direct link to NAV.
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