Free FINRA Series-7 Exam Questions

Become FINRA Certified with updated Series-7 exam questions and correct answers

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Total 405 Questions | Updated On: Dec 18, 2025

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Question 1

Bubba decides to buy equity securities. Which of the following statements is always true about what Bubba is buying?

A : ey are readily marketable

B : ey have a fixed rate of return

C : ey have a fixed maturity date

D : ey are not secured by collateral

Answer: D

Question 2

Which of the following is not usually an additional function of a mutual fund’s custodial bank?

A : ansfer agent

B : vestment advisor

C : gistrar

D : vidend disbursing agent

Answer: B

Question 3

Bubba is buying a treasury bill. The discount he receives results in Bubba’s determination of:

A : ce value

B : minal yield

C : rate of return

D : eld to call

Answer: C

Question 4

The expiration date of a listed option is:

A : last day of the expiration month

B : third Saturday of the expiration month

C : Saturday following the third Friday of the expiration month

D : third Friday of the expiration month

Answer: C

Question 5

Which of the following municipal securities carries the full faith and credit of the US government for payment of interest and principal if the issuer’s funds are insufficient?

A : neral obligation bonds issued municipalities

B : ecial tax bonds issued by municipalities

C : revenue bonds issued by municipal port authorities

D : w housing authority bonds issued by a public housing authority

Answer: D

Page: 1 / 81

Total 405 Questions | Updated On: Dec 18, 2025

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