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  1. Home
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  3. SERIES 7

FINRA SERIES 7 Exam (page: 15)
FINRA General Securities Representative ination (GS)
Updated on: 25-Dec-2025

Viewing Page 15 of 81
SERIES 7 PDF 400 Questions

Which of the following has the greatest risk?

  1. a guaranteed corporate bond
  2. a GNMA bond
  3. a Series H bond
  4. a treasury bill

Answer(s): A

Explanation:

a guaranteed corporate bond. All of the other securities are obligations of the US government, which is considered to have minimal or no risk.



Bubba wants to buy a US treasury bond with a bid of 97.28 and an asking of 98.2. How were these prices established?

  1. by the FINRA
  2. by the Federal Reserve Board
  3. by competitive biding
  4. by the terms of the bond

Answer(s): C

Explanation:

by competitive biding. The quoted prices for treasury bonds-as with all negotiable securities-is determined in the market by competitive biding.



Which of the following are direct obligations of the US government?

  1. Import-Export bank bonds
  2. Series EE bonds
  3. Farm Credit System bonds
  4. both B and C

Answer(s): B

Explanation:

Series EE bonds. Import-Export bank bonds and Farm Credit System bonds are not direct obligations of the United States.



A financial institution requesting a quote on a block of 100 bonds from a dealer in government securities receives a quote of 98.02 bid, 98.06 asked.
What is the dollar amount the institution will receive if the financial institution sells these bonds to the dealer?’’

  1. $98,062.50
  2. $98,187.50
  3. $98,250.00
  4. $98,750.00

Answer(s): A

Explanation:

$98,062.50. The financial institution receives the bid price, which is 98 and 2 / 32. Two thirty- seconds is $0.625. The 98 is the percentage of a $1,000 bond. Multiplying 98% by $1,000 results in $980. Add $0.625 to $980 to arrive at $980.625 per bond. But …there are 100 bonds. So, multiplying $980.625 by 100 equals $98,062.50.



Bubba plans to borrow some money and pledge securities as collateral. Which of the following can he not use as collateral?

  1. Series EE bonds
  2. US treasury bills
  3. US treasury notes
  4. US treasury bonds

Answer(s): A

Explanation:

Series EE bonds. Because Series EE bonds are not negotiable, they have no collateral value. They cannot be sold back to the US government.



Viewing Page 15 of 81



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