New Release Series-7 General Securities Representative Questions

General Securities Representative Qualification Examination (GS) Questions and Answers

Question 9

A limit order is best describes as an order:

to buy at a specific price or lower

to sell at a specific price or higher

to be executed at a specific price or better

that is in effect for only one day

Question 10

What Federal Reserve Board regulation governs the extension of securities-related credit by banks?

Regulation G

Regulation T

Regulation U

Regulation X

Question 11

Under a leaseback arrangement used to finance construction of local schools, who is the issuer of the municipal bonds?

the state in which the schools are located

the local school district

a legal authority created for this purpose

a public housing authority commissioned by the federal government

Question 12

How much money is a concession of 3/8 worth for one municipal bond?

$0.375

$3.75

$37.50

$375.00