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  3. SERIES 7

FINRA SERIES 7 Exam (page: 11)
FINRA General Securities Representative ination (GS)
Updated on: 25-Dec-2025

Viewing Page 11 of 81
SERIES 7 PDF 400 Questions

A typical money market instrument carries which of the following?

  1. serial bond maturity date
  2. long-term maturity date
  3. medium-term maturity date
  4. short-term maturity date

Answer(s): D

Explanation:

short-term maturity. A money market maintains liquidity and is defined as having maturity of less than one year.



An offering price of 102 plus accrued interest applies to which of the following securities?

  1. treasury bills
  2. certificates of deposit
  3. commercial paper
  4. banker’s acceptances

Answer(s): B

Explanation:

certificates of deposit. CDs trade with “accrued interest” as part of the price.



Bubba Corporation owes income tax. Which of the following may be tendered at par value for payment of the tax?

  1. term bond
  2. tax anticipation bill
  3. special tax bond
  4. pre-issue bond

Answer(s): B

Explanation:

tax anticipation bill. These are specifically designated securities that may be used at face value for payment of corporate taxes.



An advertisement for a CMO security by a member of FINRA should disclose which of the following?

  1. the exact yield investor will earn
  2. the yield based upon the prevailing discount rate
  3. that the stated yield is an estimate that may vary passed upon prepayments and market factors
  4. that the yield may be greater than the stated percentage but never less

Answer(s): C

Explanation:

that the stated yield is an estimate that may vary passed upon prepayments and market factors. The only guarantee is that nothing is guaranteed, especially the yield.



Which of the following statements incorrectly describes US securities markets?

  1. a capital market comprised of long-term debt and equity issues
  2. a money market comprised of short-term debt and equity issues
  3. a municipal market comprised of tax-exempt issues of state and local governments
  4. a government and agency market comprised of both short-term and long-term debt issues

Answer(s): B

Explanation:

a money market comprised of short-term debt and equity issues. This is the statement that is “incorrect”. Equity issues are not traded in the money market, which consists only of high-quality short-term debt securities.



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Share your comments for FINRA SERIES 7 exam with other users:

Karan Patel 8/15/2023 12:51:00 AM

yes, can you please upload the exam?
UNITED STATES