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  3. SERIES 7

FINRA SERIES 7 Exam (page: 14)
FINRA General Securities Representative ination (GS)
Updated on: 25-Dec-2025

Viewing Page 14 of 81
SERIES 7 PDF 400 Questions

Which of the following securities has the highest amount of market risk?

  1. US treasury bills
  2. US treasury certificates
  3. US treasury notes
  4. savings bank deposits

Answer(s): C

Explanation:

US treasury notes. Savings bank deposits have no risk. The short duration of treasury bills and certificates embodies less market risk than longer-term treasury notes.



Which of the following is not a marketable security?

  1. tax anticipation bonds
  2. municipal bonds
  3. treasury bonds
  4. Series EE bonds

Answer(s): D

Explanation:

Series EE bonds. All the other securities may be traded. Series EE bonds are purchased and held to maturity. They are not tradable.



What type of security is quoted with a bid price of 4.72 and an asking price of 4.68?

  1. US treasury note
  2. US treasury bill
  3. US treasury bond
  4. Series H bond

Answer(s): B

Explanation:

US Treasury bill. T-bills are quoted by yield. Therefore, the bid is higher than the asking price. A higher yield means a lower price.



Bubba is buying a treasury bill. The discount he receives results in Bubba’s determination of:

  1. face value
  2. nominal yield
  3. rate of return
  4. yield to call

Answer(s): C

Explanation:

rate of return. Because T-bills pay no interest, Bubba’s rate of return is the discount as a percentage of the face value he receives at maturity.



A treasury obligation having no fixed rate of interest with a thirty-day maturity due April 22 is most likely a:

  1. treasury note
  2. tax anticipation bill
  3. Series H bond
  4. Series EE bond

Answer(s): B

Explanation:

tax anticipation bill. These obligations pay no interest and their maturity comes after corporate tax payment dates. They are accepted for redemption at face value prior to maturity on corporate tax payment dates to encourage purchase by corporations.



Viewing Page 14 of 81



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

yes, can you please upload the exam?
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