Download General Securities Representative Qualification Examination (GS).Series 7.PracticeTest.2018-08-18.214q.tqb
| Vendor: | FINRA |
| Exam Code: | Series 7 |
| Exam Name: | General Securities Representative Qualification Examination (GS) |
| Date: | Aug 18, 2018 |
| File Size: | 788 KB |
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Demo Questions
Question 1
Bubba is buying a treasury bill. The discount he receives results in Bubba’s determination of:
- face value
- nominal yield
- rate of return
- yield to call
Correct answer: 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. 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.
Question 2
A treasury obligation having no fixed rate of interest with a thirty-day maturity due April 22 is most likely a:
- treasury note
- tax anticipation bill
- Series H bond
- Series EE bond
Correct answer: 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. 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.
Question 3
Which of the following has the greatest risk?
- a guaranteed corporate bond
- a GNMA bond
- a Series H bond
- a treasury bill
Correct answer: 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. a guaranteed corporate bond. All of the other securities are obligations of the US government, which is considered to have minimal or no risk.
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