FINRA SERIES 7 EXAM (2026)
(TESTING ACTUAL EXAM 100
QUESTIONS) AND VERIFIED
ANSWERS (MULTIPLE CHOICES) ||A+
GRADED |100% CORRECT!!
SIE / Securities Licensing Exam Revision Material
1.
STRIPS may be attractive to investors for which of the following reasons?
CORRECT ANSWER: C. They carry almost no reinvestment risk
2.
The Alternative Minimum Tax (AMT):
CORRECT ANSWER: A. Adds back in certain "tax preference items" that are deducted for
purposes of regular income tax
3.
A wash sale occurs when:
CORRECT ANSWER: B. A sale of a security at a capital loss occurs fewer than 30 days prior to
the purchase of the same or a similar security
4.
403(b) plans are available to the following groups of people:
CORRECT ANSWER: A. II and III (Employees of public educational institutions and nonprofit
organizations)
5.
The writer of a put has:
CORRECT ANSWER: B. The obligation to buy
6.
, Marilyn writes an ABC Aug20 put @ 4. What is the maximum amount she could lose on this
option?
CORRECT ANSWER: B. $1,600
7.
For a call option, the strike price is:
CORRECT ANSWER: B. The price at which the call holder can buy the underlying security
from the call writer
8.
An interval fund is a type of investment company that is:
CORRECT ANSWER: D. Legally classified as a closed-end fund
9.
Which of the following would you be the least interested in looking at to analyze a revenue
bond?
CORRECT ANSWER: B. Net overall debt per capita
10.
A corporate bond has a coupon rate of 2.75%. What is the amount of a single semiannual
interest payment?
CORRECT ANSWER: A. $13.75
11.
Joanna is a registered representative who works from her vacation home occasionally. What is
the maximum number of business days she can work from her vacation home without it being
classified as a branch office?
CORRECT ANSWER: C. Less than 30
12.
A trade confirmation must be sent on or before the settlement date in all of these instances
except?
CORRECT ANSWER: A. Customer purchases shares in a dividend reinvestment plan
13.
(TESTING ACTUAL EXAM 100
QUESTIONS) AND VERIFIED
ANSWERS (MULTIPLE CHOICES) ||A+
GRADED |100% CORRECT!!
SIE / Securities Licensing Exam Revision Material
1.
STRIPS may be attractive to investors for which of the following reasons?
CORRECT ANSWER: C. They carry almost no reinvestment risk
2.
The Alternative Minimum Tax (AMT):
CORRECT ANSWER: A. Adds back in certain "tax preference items" that are deducted for
purposes of regular income tax
3.
A wash sale occurs when:
CORRECT ANSWER: B. A sale of a security at a capital loss occurs fewer than 30 days prior to
the purchase of the same or a similar security
4.
403(b) plans are available to the following groups of people:
CORRECT ANSWER: A. II and III (Employees of public educational institutions and nonprofit
organizations)
5.
The writer of a put has:
CORRECT ANSWER: B. The obligation to buy
6.
, Marilyn writes an ABC Aug20 put @ 4. What is the maximum amount she could lose on this
option?
CORRECT ANSWER: B. $1,600
7.
For a call option, the strike price is:
CORRECT ANSWER: B. The price at which the call holder can buy the underlying security
from the call writer
8.
An interval fund is a type of investment company that is:
CORRECT ANSWER: D. Legally classified as a closed-end fund
9.
Which of the following would you be the least interested in looking at to analyze a revenue
bond?
CORRECT ANSWER: B. Net overall debt per capita
10.
A corporate bond has a coupon rate of 2.75%. What is the amount of a single semiannual
interest payment?
CORRECT ANSWER: A. $13.75
11.
Joanna is a registered representative who works from her vacation home occasionally. What is
the maximum number of business days she can work from her vacation home without it being
classified as a branch office?
CORRECT ANSWER: C. Less than 30
12.
A trade confirmation must be sent on or before the settlement date in all of these instances
except?
CORRECT ANSWER: A. Customer purchases shares in a dividend reinvestment plan
13.
