Which of the following municipal bonds may be grouped under the classification of “revenue bonds”?
Answer(s): A
special tax. The other categories are not revenue bonds. Special tax is the only type that fits the general grouping.
Which of the following receives the highest priority of a municipal bond trustee when applying income and revenue derived from a financed toll facility?
Answer(s): B
operation and maintenance fund. This receives the top priority followed by debt service, maintenance reserves, and lastly renewal and replacement.
In what broad category of municipal bonds are “limited tax” bonds placed?
general obligation. A limited tax bond is generally classified as general obligation.
What is the name for the rate of discount from the list price that is paid to a municipal securities underwriting group member for its sales participation?
Answer(s): D
takedown. The takedown is an additional allowance on bonds sold by a member.
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.