My cart:
0 items
  • Cart is Empty
  • Sub Total: $0.00

Business-Tests > Series7 Exam Q/A and Practice Software



Pass4sure Real Questions and Answers

Questions and Answers


Business-Tests Series7

General Securities Representative Series 7

Questions and Answers : 314
Q&A Update On : September 22, 2017
File Format : PDF
Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
Mac Compatibility : All Versions including iOS 4/5/6/7
Android : All Android Versions
Linux : All Linux Versions
Download Free Series7 PDF

If you are looking for Series7 Practice Test containing Real Test Questions, you are at right place. We have compiled database of questions from Actual Exams in order to help you prepare and pass your exam on the first attempt. All training materials on the site are Up To Date and verified by our experts.

Killexams provide latest and updated Practice Test with Actual Exam Questions and Answers for new syllabus of Business-Tests Series7 Exam. Practice our Real Questions and Answers to Improve your knowledge and pass your exam with High Marks. We ensure your success in the Test Center, covering all the topics of exam and build your Knowledge of the Series7 exam. Pass 4 sure with our accurate questions.



Our Series7 Exam PDF contains Complete Pool of Questions and Answers and Braindumps checked and verified including references and explanations (where applicable). Our target to assemble the Questions and Answers is not only to pass the exam at first attempt but Really Improve Your Knowledge about the Series7 exam topics.

Series7 exam Questions and Answers are Printable in High Quality Study Guide that you can download in your Computer or any other device and start preparing your Series7 exam. Print Complete Series7 Study Guide, carry with you when you are at Vacations or Traveling and Enjoy your Exam Prep. You can access updated Series7 Exam Q&A from your online account anytime.

Download your Series7 Study Guide immediately after buying and Start Preparing Your Exam Prep Right Now!
  • Main features
  • Instant download Access - Allowing you to start study as soon as you complete your purchase
    High Success Rate - 98% Success rate with money back guarantee
    Updated on regular basis - Q&A are updated as soon as any change in actual exams is done
    Latest Test Experience - Questions as you will experience in real exam
    Secure shopping experience - Your information will never be shared (Privacy Statment)
    Versatile File Format - PDF Viewable at Windows/MAC/iPhone/iPad/Android/Sambian/ etc.
    Printable / Movable - Printable in High Quality, Portable, Transferable, Movable


Buy Full Version (Limited time Discount offer)


3 Months
$39.00 $97
  • Exam Q & A PDF
  • 3 months Subscription
  • Up to Date Q & A
  • Instant File Download
  • 98% Success Rate
  • Confidentiality Ensured
  • (OPTIONAL ADD-ON)
  • Exam Simulator ($10)
1 Year
$97.00 $146
  • Exam Q & A PDF
  • 1 Year Subscription
  • Up to Date Q & A
  • Instant File Download
  • 98% Success Rate
  • Confidentiality Ensured
  • (OPTIONAL ADD-ON)
  • Exam Simulator ($25)

Show All Supported Payment Methods
Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo
Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo



Exam Simulator

Exam Simulator


Business-Tests Series7

General Securities Representative Series 7

Exam Simulator Q&A : 314
Q&A Update On : September 22, 2017
File Format : Installable Setup (.EXE)
Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
Mac Compatibility : Through Wine, Virtual Computer, Dual Boot
Exam Simulator Software
Download Series7 Sample Exam Simulator
Exam Simulator Installation Guide

Killexams Exam Simulator is industry leading Test Preparation and Evaluation Software for Series7 exam. Through our Exam Simulator we guarantee that when you prepare Business-Tests Series7, you will be confident in all the topics of the exam and will be ready to take the exam any time. Our Exam Simulator uses braindumps and real questions to prepare you for exam. Exam Simulator maintains performance records, performance graphs, explanations and references (if provied). Automated test preparation makes much easy to cover complete pool of questions in fastest way possible. Exam Simulators are updated on regular basis so that you can have best test preparation. Pass4sure with Industry Leading Exam Simulator.


  • Main features
  • Instant download Access - Allowing you to start Practicing as soon as you complete your purchase
    High Success Rate - 98% Success rate with money back guarantee
    Updated on regular basis - Exam Simulator is updated as soon as any change in actual exams is done
    Latest Test Experience - Questions as you will experience in real exam
    Secure shopping experience - Your information will never be shared (Privacy Statment)
    Versatile File Format - Exam Simulator Compatible with all Windows PC
    Portable - Exam Simulator can be Installed in any Computer i.e. office, home etc.





Buy Full Version (Limited time Discount offer)


3 Months
$39.00 $97
  • Exam Simulator
  • 3 months Download Account
  • Up to Date Q & A
  • Instant File Download
  • 98% Success Rate
  • Confidentiality Ensured
1 Year
$97.00 $146
  • Exam Simulator
  • 1 Year Download Account
  • Up to Date Q & A
  • Instant File Download
  • 98% Success Rate
  • Confidentiality Ensured

Show All Supported Payment Methods
Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo
Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo



QAs and Exam Simulator

Preparation Pack (PDF + Exam Simulator)

Business-Tests Series7

Killexams Preparation Pack contains Pass4sure Real Business-Tests Series7 Questions and Answers and Exam Simulator. Killexams is the competent Exam Preparation and Training company that will help you with current and up-to-date training materials for Business-Tests Certification Exams. Authentic Series7 Braindumps and Real Questions are used to prepare you for the exam. Series7 Exam PDF and Exam Simulator are continuously being reviewed and updated for accuracy by our Business-Tests test experts. Take the advantage of Killexams Series7 authentic and updated Questons and Answers with exam simulator to ensure that you are 100% prepared. We offer special discount on preparation pack. Pass4sure with Real exam Questions and Answers


Preparation Pack Includes


  • Pass4sure PDF

    Business-Tests Series7 (General Securities Representative Series 7)

    Questions and Answers : 314
    Q&A Update On : September 22, 2017
    File Format : PDF
    Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
    Mac Compatibility : All Versions including iOS 4/5/6/7
    Android : All Android Versions
    Linux : All Linux Versions
    Download Series7 Sample Questions

    • Printable at high resolution
    • Portable Anywhere
    • Frequently Updated
    • Searchable Document
    • 24x7 Support

  • Exam Simulator Software

    Business-Tests Series7 (General Securities Representative Series 7)

    Exam Simulator Q&A : 314
    Q&A Update On : September 22, 2017
    File Format : Installable Setup (.EXE)
    Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
    Mac Compatibility : Through Wine, Virtual Computer, Dual Boot
    Download Software Exam Simulator Software
    Download Series7 Sample Exam Simulator Exam Simulator Installation Guide

    • Real Test Experience
    • Fastest Test preparation
    • Compatible with all Windows OS
    • Accuracy Ensured
    • 24x7 Support



Buy Full Version (Limited time Discount offer)


3 Months
$49.00 $122
  • PDF + Exam Simulator
  • 3 months Download Account
  • Up to Date Q & A
  • Instant File Download
  • 98% Success Rate
  • Confidentiality Ensured
1 Year
$122.00 $183
  • PDF + Exam Simulator
  • 1 Year Download Account
  • Up to Date Q & A
  • Instant File Download
  • 98% Success Rate
  • Confidentiality Ensured

Show All Supported Payment Methods
Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo
Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo Card Logo

Series7 Questions and Answers

Series7


QUESTION: 305

Which of the following trading sequences contains a zero-plus tick?


A. 27.28.27.26.27.26.25.27

B. 31.31.30.29.30.30.29.28

C. 38.39.40.41.40.41.39.40

D. 43.42.42.41.42.41.41.40


Answer: B


Explanation:

A zero-plus tick occurs when there are two or more trades at the same price, but the most recent change was a plus tick. In the following sequence: 31.31.30.29.30.30.29.28, when the

stock trades at 30, just after the 29, that is a plus tick. The next transaction is also at 30 which creates a zero-plus tick


QUESTION: 306

When securities are registered with the various states under the “Blue Sky Laws,” by which of the following methods may they be registered?

  1. Notification

  2. Coordination

  3. Administration

  4. Qualification


  1. I, II, IV

  2. II, III, IV

  3. I, II, III

  4. I, II, III, IV


Answer: A


Explanation:

The three methods by which securities may be registered with the states are; Notification, Coordination, and Qualification. The term “Blue Sky Laws” refers to the Uniform Securities

Act. Notification is the simplest method—also known as filing—but is not available in all states. Coordination is the most common— coordinating registration at the state with the

SEC registration. Qualification is the most time-consuming and difficult—the last resort in most cases


QUESTION: 307


Which of the following types of underwriting commitments by an Investment Banker could not be made in an IPO?


  1. Firm Commitment

  2. Standby

  3. Mini-max

  4. Mini-max


Answer: B


Explanation:

A standby underwriting is a form of firm commitment underwriting used in a preemptive

rights offering. The underwriter is “standing by” until after the rights offering has expired and will purchase, for distribution, any unsubscribed shares. Since preemptive rights are only offered to existing shareholders, this could not be done in an Initial Public Offering


QUESTION: 308

What information may be found by a RR when looking at “Pink Sheets"?


  1. Quotations on municipal bonds in the secondary market

  2. Quotations on non-NASDAQ OTC stocks

  3. Quotes on penny stocks

  4. Daily quotations on corporate bonds


Answer: B


Explanation:

Pink Sheets is a daily publication showing quotations on non- NASDAQ Over-The-Counter stocks. The Yellow Sheets are a similar publication for corporate bonds. Pink Sheet stock is

not necessarily “penny stock,” it is simply stock of companies that are not quoted on the NASDAQ system. Pink Sheets are being supplanted by the OTC Bulletin Board (OTCBB),

an electronic service


QUESTION: 309

After the receipt of a written complaint from a customer who has lost money in his account

and before the matter reaches any level of hearing, the broker-dealer settles with the customer and pays him $20,000. After settlement, which of the following are required of the broker-dealer?


  1. Give notice to the Federal Reserve Board

  2. Apply to the SEC for special arbitration procedures

  3. Dismiss the registered representative who handled the customer’s account

  4. Inform the appropriate SRO


Answer: D


Explanation:

Although the firm might fire the RR, it is not a requirement. Informing the SRO—Self Regulatory Organization—such as the NYSE or NASD is a requirement. The SEC does not

get involved in arbitration and the FRB has no function in these proceedings.


Section 6: Sec Six (310 to 314)

Details:

Options Contracts


QUESTION: 310

A client opens the following options positions when MML stock is trading at 49: Long 1

MML Dec 50 call@4

Short 1 MML Dec 60 call @1

Just prior to the end of the trading day, on the last business day before the contracts expire, MML stock is trading at 59 and both open positions are closed. What is the profit/loss to the investor?


  1. Profit of $900

  2. Loss of $300

  3. Profit of $600

  4. Loss of $900


Answer: C


Explanation:

When the two contracts are closed, they are closed at their intrinsic value, because there is

no remaining time value. To close an open long position, the investor makes a closing sale. In this case, the investor sells the 50 contract for its intrinsic value of 9. The 60 contract is out-of-the money—has no intrinsic value— and will expire worthless. The investor, as noted above, has a net debit of 3 and sells for 9. 9 – 3 = 6, or $600 profit.


QUESTION: 311


An investor opens the following options positions: Sell 1 MML May 50 Call and Long 1 MML Aug 50 Call This strategy is defined as which of the following?

  1. A debit call spread

  2. A diagonal spread

  3. A credit call spread

  4. A horizontal spread


  1. I, IV

  2. III, IV

  3. I, II

  4. II, III


Answer: A


Explanation:

This is a calendar or horizontal spread because the only difference in the contracts is the

expiration date. It is a debit spread because the time value for the August contract will be greater than the May contract. The contracts have the same intrinsic value because they share the same strike price


QUESTION: 312

An options investor establishes the following positions: Short 1 LTP Nov 35 Put @5 and

Writes 1 LTP Nov 35 Call @ 3. Which of the following statements regarding this strategy is/are true?

  1. The maximum loss is $800

  2. This strategy is a straddle

  3. The maximum loss is unlimited

  4. The investor expects no movement in the market


  1. II, III, IV

  2. I, II

  3. I, II, IV

  4. II, IV


Answer: A


Explanation:

This strategy is a short straddle. This investor has sold (short/write) a call and a put on the

same stock with the same expiration and the same strike price. Since the investor has sold a call, and we cannot assume he/she owns the covering stock, the call is naked and exposes the investor to unlimited upside risk.An investor establishing a short straddle expects little or no movement in the market for the underlying stock


QUESTION: 313

An investor who is bullish on AQS stock would establish which of the following options positions?


  1. Short 1 AQS Jan 50 call. Short 1 AQS Jan 60 call

  2. Long 1 AQS Jan 50 call. Short 1 AQS Jan 60 call

  3. Long 1 AQS Jan 60 call. Short 1 AQS Jan 50 call.

  4. Short 1 AQS Jan 50 put. Long 1 AQS Jan 60 put.


Answer: B


Explanation:

This question requires that, first; you recognize that the spread in choice “C” is bullish

without premiums being provided. The call with the lower strike price and the same expiration on the same stock will always be more expensive. The investor will pay more for the 50 call than he receives for the 60 call, thus establishing a debit, or bull, spread. Note that choice “D,” is not a spread and that is very bearish


QUESTION: 314

A client opens the following options positions when MML stock is trading at 49:

Long 1 MML Dec 50 call@4 Short 1 MML Dec 60 call @1

If the investor who established the strategy did not close the positions, what would happen at expiration if the market had closed on the final trading day at 51?


  1. The 60 call would not be exercised, but the 50 call would.

  2. Both contracts would be exercised

  3. Both contracts would expire worthless.

  4. The exchange would close both contracts at intrinsic value


Answer: A


Explanation:

When a customer has not given instructions to close the contract(s) the OCC (Options

Clearing Corporation) will automatically exercise contracts that are .75 or more in-the- money for a customer. The automatic exercise for a member firm is .25 in-the-money

Series7 Related Links

Series7 Dropmark  |  

Customer Feedback about Series7 (Click to see complete list)

"It was the time when I was scanning for the internet exam simulator, to take my Series7 exam. I solved all questions in just 90 minutes. It was great to realize that killexams Questions & Answers had all vital material that was needed for the exam. The material of killexams was effective to the point that I passed my exam. When I was told about killexams Questions & Answers by one of my companions, I was hesitant to utilize it so I chose to download the demos to start with, and check whether I can get proper help for the Series7 exam."


"I passed this exam Series7 today with a 92% score. killexams.com was my main preparation resource, so if you plan to take this exam, you can totally count on this Series7 questions source. All information is relevant, the Series7 questions are correct. I am very happy with Killexams.com. This is the first time I used it, but now Im confident Ill come back to this website for all my Series7 certification exams"