Free Access FINRA.Series-7.v2023-03-10.q140 Practice Test (Page 17)

Question 76

To accommodate a customer's order to buy an over-the-counter stock, a broker/dealer is permitted to:

A.sell him shares from the firm's inventory

B.sell these shares short to the customer

C.act as agent on this transaction

D.all of the above

Question 77

Partnership democracy is:

A.a prohibition against control by a single partner

B.the sharing of management by all partners

C.permission granted to the general partner to act outside the partnership agreement

D.a synonym for silent partner

Question 78

Which of the following is least relevant in evaluating the safety of a general obligation bond?

A.per capital debt

B.total GO debt as a percentage of market value of property

C.total GO debt as a percentage of assessed value of property

D.total debt service as a percentage of net operating revenue

Question 79

Under what circumstances may a registered investment company change its investment objective?

A.after SEC approval

B.after it obtains a new charter from the state secretary

C.after approval by a majority vote of the shareholders

D.after providing notice that is recorded in the Federal Register

Question 80

Bubba holds 200 shares of common stock in a utility company and receives rights to subscribe to an additional 100 shares at $20. The utility company is raising $40 million of new capital.
How many rights does Bubba receive?

A.20

B.50

C.100

D.200

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Question 76

Question 77

Question 78

Question 79

Question 80

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