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FINRA General Securities Representative Examination (GS) : Series7 Exam

Series7 actual test
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Aug 24, 2026
  • Q & A: 400 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $49.99  

About FINRA General Securities Representative Examination (GS) : Series7 Exam

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FINRA Series7 Exam Syllabus Topics:

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

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      1. Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and
                      SMA of $500. What is the NYSE minimum equity maintenance for this account?

                      A) $12,600
                      B) $5,500
                      C) $6,600
                      D) $6,000


                      2. Call loans made by banks to broker/dealers are generally for the purpose of which of the following?

                      A) carrying margin accounts
                      B) financing securities held in inventory
                      C) expansion of office facilities
                      D) meeting operating expenses


                      3. Under an initial federal requirement of 70% equity, Bubba purchases 100 shares of XYZ at $40 per share
                      and wishes to satisfy the margin call by delivering another listed security into his account. He may do so
                      by depositing stocks with a market value of:

                      A) $5,714
                      B) $4,000
                      C) $9,333
                      D) $2,800


                      4. When the market value in a long margin account decreases, the SMA will:

                      A) decrease
                      B) fluctuate
                      C) stay the same
                      D) increase


                      5. Which of the following statements regarding mutual funds is true?

                      A) the sponsor receives a management fee based on the fund's totalassets
                      B) the management company receives a portion of the sales load for managing the fund assets
                      C) the custodian can also be the transfer agent
                      D) the terms "management company" and "investment advisor" are interchangeable


                      Solutions:

                      Question # 1
                      Answer: C
                      Question # 2
                      Answer: A
                      Question # 3
                      Answer: C
                      Question # 4
                      Answer: C
                      Question # 5
                      Answer: C

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