Online Access Free Series-7 Practice Test

Bubba wants to buy a US treasury bond with a bid of 97.28 and an asking of 98.2.
How were these prices established?

• A.by the terms of the bond
• B.by the Federal Reserve Board
• C.by the FINRA
• D.by competitive biding

For what time period does a Form 144 remain in effect?

• A.90 days
• B.60 days
• C.one year
• D.30 days

Customers who engage in increased activity of wiring money from their account could indicate which of the following activities?

• A.Crossing
• B.Churning
• C.Money laundering
• D.Interpositioning

According to FINRA Conduct Rules, a party judged guilty of a rule infraction by the District Business Conduct Committee may then appeal to:

• A.the FINRA Board of Arbitration
• B.the public court system
• C.the FINRA Board of Governors
• D.the SEC

XYZ Corporation earned $2 per share last year and is selling at $20 per share. If it earns $3 per share this year and its price/earnings ratio stays the same, its price will be:

• A.$60
• B.$25
• C.$30
• D.$20