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Series 7 Practice Exam 11

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Question 1 of 10

1. Question

Which of the following is NOT a type of economic indicator?

Leading
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Equitable
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Lagging
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Coincident
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Question 2 of 10

2. Question

The largest sampling of stocks in the major market indices is found in the:

The Wilshire Index
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S&P 500 Index
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The Russell Index
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The NASDAQ Index
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Question 3 of 10

3. Question

Under normal circumstances, the ex-dividend date for open-end investment company shares is:

3 business days prior to the record date.
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on a date set by the fund or its principal underwriter.
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2 business days prior to the record date.
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1 business following the record date.
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Question 4 of 10

4. Question
Which of the following are eligible methods for acquiring a breakpoint when investing in shares of open-end investment companies?
1. Lump sum
2. LOI
3. Right of accumulation
4. The exchange privilege
I and II
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II and III
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III and IV
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I, II, and III
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Question 5 of 10

5. Question

FINRA’s rules pertaining to communications with the public define retail communications as which of the following?

Any communication regarding securities sent to more than 1 individual public investors within a 30 calendar day period.
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Any communication regarding securities sent to more than 25 individual public investors within a 30 calendar day period.
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Any communication including individual correspondence sent to more than 25 public investors within a 30 calendar day period.
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Any communication regarding securities sent to 25 or more individual as well as institutional customers within a 30 calendar day period.
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Question 6 of 10

6. Question

NASDAQ Market Makers are required to report each trade within how many seconds of execution?

3
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30
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10
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No requirement to report
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Question 7 of 10

7. Question

What is the maximum potential loss when holding a long straddle position?

straddle premium
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unlimited
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strike price of long call + net premium paid
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strike price of long put − net premium paid
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Question 8 of 10

8. Question

Which of these calls would have the largest premium?

JKL October 25 call
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JKL October 30 call
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JKL October 35 call
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JKL October 40 call
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Question 9 of 10

9. Question

When a custodianship account under UGMA purchases securities,

they may be registered in street name if the custodian specifically requests it
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they must be transferred and shipped to the custodian
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they are required by law to be registered in the name of the custodian FBO the minor under the UGMA laws of that particular state
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the trade may be done in either a cash or margin account
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Question 10 of 10

10. Question

Which of the following securities instruments will most likely decline the least in market price when interest rates rise?

AAA rated Corporate debenture, 6% coupon, maturing in 15 years
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US Treasury Bond, 6% coupon, maturing in 15 years
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4.0 % AAA rated GO bond, maturing in 15 years
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5% AA rated listed debenture, maturing in 15 years
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Next: Series 7 Practice Test 12

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