Free FINRA Series-7 Exam Questions
Absolute Free Series-7 Exam Practice for Comprehensive Preparation
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FINRA Series-7 Exam Questions
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Provided By: FINRA
- Exam: General Securities Representative
- Certification: General Securities Representative
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Total Questions: 405
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Updated On: Nov 24, 2025
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Rated: 4.9 |
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Online Users: 810
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Question 1
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An option that permits the holder to exercise the contract only at expiration is referred to as:
Answer: A
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An option that permits the holder to exercise the contract only at expiration is referred to as:
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Question 2
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A NYSE floor member executing an order for a public customer asks the specialist in the
stock to guarantee a price while giving the customer an opportunity to obtain a better price.
This procedure is known as:
Answer: B
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A NYSE floor member executing an order for a public customer asks the specialist in the
stock to guarantee a price while giving the customer an opportunity to obtain a better price.
This procedure is known as:
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Question 3
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The FINRA markup policy applies to:
Answer: A
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The FINRA markup policy applies to:
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Question 4
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Bubba is opening a margin account with a member organization. He wishes to purchase
100 shares of XYZ at $15 per share.
What is Bubba’s initial cash deposit?
Answer: C
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Bubba is opening a margin account with a member organization. He wishes to purchase
100 shares of XYZ at $15 per share.
What is Bubba’s initial cash deposit?
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Question 5
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In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in
XYZ with a $35 strike price and a July expiration for a premium of $600. In April, Bubba
exercises the put option and uses his stock for deliveryWhat is his resulting tax consequence?
Answer: A
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In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in
XYZ with a $35 strike price and a July expiration for a premium of $600. In April, Bubba
exercises the put option and uses his stock for delivery