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FINRA Series7 Exam Syllabus Topics:

SectionObjectives
Job Functions Overview- Function 1: Seeks Business for the Broker-Dealer
  • 1. Identifies investment opportunities and solicits new clients
    • 2. Opens accounts after obtaining and evaluating customer financial information
      - Function 3: Provides Customers with Information About Investments and Makes Suitable Recommendations
      • 1. Weight: ~73% of exam content
        • 2. Explains characteristics, risks, and features of investment products
          • 3. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
            - Function 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile
            • 1. Ensures compliance with suitability and regulatory requirements
              • 2. Determines investment objectives, risk tolerance, and financial situation
                - Function 4: Processes Orders and Maintains Appropriate Records
                • 1. Executes trades in accordance with customer instructions and regulations
                  • 2. Weight: ~11% of exam content
                    • 3. Maintains required documentation and recordkeeping standards

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      The maximum contribution an employer may make to a SEP-IRA is:

                      • A. 25% of employee compensation
                      • B. $4,000
                      • C. 100% of employee compensation
                      • D. $5,000
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

                      Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).

                      The most common type of bond issued by a well-established company is:

                      • A. an open-end mortgage
                      • B. a convertible
                      • C. a debenture
                      • D. a senior secured note
                      Reveal Solution  Discussion  0

                      Correct Answer: C  🗳️

                      Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).

                      A front-end loan mutual fund plan is most suitable for:

                      • A. an optional withdrawal plan
                      • B. a voluntary accumulation plan
                      • C. an automatic withdrawal plan
                      • D. a contractualplan
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

                      Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).

                      What type of mutual fund would invest in equities and bonds?

                      • A. technology
                      • B. growth
                      • C. dual purpose
                      • D. balanced
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

                      Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).

                      Which of the following does not appear in a municipal syndicate letter to underwriters?

                      • A. the specific bid and offering terms of the issue
                      • B. the amount of each member's participation
                      • C. the duration of the syndicate account
                      • D. the extent of the manager's authority in directing the offering
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

                      Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).

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