Free Access FINRA.Series-7.v2023-03-10.q140 Practice Test (Page 22)

Question 101

What is the maximum amount of gift to customers or other individuals related to the securities business that a registered representative is permitted to give?

A.$500

B.$200

C.$100

D.$50

Question 102

Limited partnerships try to avoid recapture because:

A.it turns potential capital gains into current taxable income

B.it may subject the partnership to the add-on tax

C.it increases the risk of a tax audit

D.it always increases the investor's tax bracket

Question 103

The expiration date of a listed option is:

A.the last day of the expiration month

B.the third Saturday of the expiration month

C.the Saturday following the third Friday of the expiration month

D.the third Friday of the expiration month

Question 104

Which of the following is identified as a funded debt instrument?

A.US treasury bond

B.Series EE savings bond

C.corporate bond

D.Fannie Mae bond

Question 105

Which of the following clients could not open a margin account?

A.an uncovered option writer

B.a corporation

C.a husband and wife in a joint account

D.a custodian under UGMA

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Question 101

Question 102

Question 103

Question 104

Question 105

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