Municipal bond brokers generally conduct the following:
Answer(s): D
both A and B. Brokers generally operate as agents attempting to locate buyers or sellers for bond dealers. They do not trade for their own accounts or deal directly with individual investors.
Smart Guys Securities Corporation has given a workable bid to Better Guys Securities Corporation. If market conditions change, Smart Guys may:
change the bid. A workable bid indicates a price level where a dealer is willing to negotiate business. It is not a firm bid and may be changed before becoming firm.
Municipalities are most likely to issue notes for which of the following purposes?
Answer(s): A
short-term cash needs. Notes are generally used for short-term needs.
A revenue bond is issued by a state agency. The state legislature is granted authority to apportion money to support the debt services if necessary, but is not legally obligated to do so.What type of bond is this?
moral obligation. The lack of a legally binding obligation removes the issue from the general obligation category. Although defaults are possible, it is usually held that no state legislature would allow a moral obligation issue to default.
Post your Comments and Discuss FINRA SERIES 7 exam with other Community members:
aparna Commented on December 27, 2024 yes can please upload the exam? Anonymous
Karan Patel Commented on August 15, 2023 Yes, Can you please upload the exam? UNITED STATES
Karan Patel Commented on August 15, 2023 yes, can you please upload the exam? UNITED STATES
Victor Lin Commented on November 13, 2016 Will take the exam shortly and will update the result here again. Hope this paper can help. AUSTRALIA
Vivek Commented on July 18, 2016 Using it for the first time....will share post once done. Thanks for providing the same. UNITED STATES
Arihant Commented on January 20, 2016 Will Give exam in next 2 weeks. Very happy to purchase from Braindumps. Thanks you very much. UNITED STATES
Our website is free, but we have to fight against bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the SERIES 7 content, but please register or login to continue.