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finra SERIES_7

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Exam contains 393 questions

Page 8 of 66

Question 43 🔥

A typical money market instrument carries which of the following?

Which database solution meets these requirements?

A. serial bond maturity date

B. long-term maturity date

C. medium-term maturity date

D. short-term maturity date

Discussion of the question

Question 44 🔥

An offering price of 102 plus accrued interest applies to which of the following securities?

Which database solution meets these requirements?

A. treasury bills

B. certificates of deposit

C. commercial paper

D. banker’s acceptances

Discussion of the question

Question 45 🔥

Bubba Corporation owes income tax. Which of the following may be tendered at par value for payment of the tax?

Which database solution meets these requirements?

A. term bond

B. tax anticipation bill

C. special tax bond

D. pre-issue bond

Discussion of the question

Question 46 🔥

An advertisement for a CMO security by a member of FINRA should disclose which of the following?

Which database solution meets these requirements?

A. the exact yield investor will earn

B. the yield based upon the prevailing discount rate

C. that the stated yield is an estimate that may vary passed upon prepayments and market factors

D. that the yield may be greater than the stated percentage but never less

Discussion of the question

Question 47 🔥

Which of the following statements incorrectly describes US securities markets?

Which database solution meets these requirements?

A. a capital market comprised of long-term debt and equity issues

B. a money market comprised of short-term debt and equity issues

C. a municipal market comprised of tax-exempt issues of state and local governments

D. a government and agency market comprised of both short-term and long-term debt issues

Discussion of the question

Question 48 🔥

Under which of the following conditions are homeowners most likely to refinance existing mortgages?

Which database solution meets these requirements?

A. when interest rates rise

B. when interest rates fall

C. when interest rates are stable

D. when the yield curve is inverted

Discussion of the question

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Ready to Pass Your Certification Test

finra SERIES_7

Exam contains 393 questions

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