Self-learning and self-evaluation functions
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Any electronic equipment available on the APP online version
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Simple language
The language of our General Securities Representative Examination (GS) qualification test guide is simple. The learners may come from many social positions and their abilities to master our Series7 test materials are varied. Based on this consideration we apply the most simple and easy-to-be-understood language to help the learners no matter he or she is the students or the in-service staff, the novice or the experienced employee which have worked for many years. Series7 certification guide use the simple language to explain the answers and detailed knowledge points and the concise words to show the complicated information about the Series7 test materials. The language is also refined to simplify the large amount of information. So the learners have no obstacles to learn our Series7 certification guide.
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FINRA General Securities Representative Examination (GS) Sample Questions:
1. Bubba has several accounts at a brokerage firm. Which of the following is not covered by SIPC?
A) commodities account in Bubba's name only
B) joint account of Bubba and his wife
C) joint account of Bubba and his son, Bubba, Jr.
D) individual account in Bubba's name only
2. 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) $2,500
C) $5,000
D) $7,500
3. On which of the following is depreciation permitted?
A) equipment subject to recapture
B) residential property not used for business
C) rental property whose value is declining
D) property whose maintenance exceeds the investment credit
4. Bubba Corporation owes income tax. Which of the following may be tendered at par value for payment of
the tax?
A) pre-issue bond
B) tax anticipation bill
C) term bond
D) special tax bond
5. In a best efforts distribution of a new non-exempt issue, a broker/dealer:
A) agrees to buy the issue at a specified price
B) acts as an agent for the issuer
C) is not required to use an offering circular or prospectus
D) may allow a selling concession to a bank or trust company
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |








