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FINRA General Securities Representative Examination (GS) Sample Questions:
1. A registered representative is given a limited trading authorization by a client. This permits the
representative to:
A) enter orders for the account at the representative's discretion
B) withdraw securities from the account
C) withdraw money from the account
D) all of the above
2. A management group may serve an investment company as its:
A) custodian
B) underwriter
C) both A and C
D) investment advisor
3. A call option is in the money when the market value of the underlying stock is:
A) higher than the strike price plus the premium
B) lower than the strike price of the option
C) higher than the strike price of the option
D) the same as the strike price of the option
4. In a competitive bidding for mortgage bonds of a large public utility the winning underwriter is determined
by:
A) the lowest net interest cost to the issuer
B) the refunding and sinking fund terms in the indenture
C) the highest dollar amount paid to the issuer
D) the shortest maturity date for the bonds
5. A mutual fund letter of intent may permissibly be predated for a period of time up to:
A) 5 business days
B) 10 business days
C) 90 calendar days
D) 13 months
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |







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