Wiley FINRA Series 7 Exam Review 2017: The General Securities Representative Examination

The go–to guide to acing the Series 7 Exam!

The General Securities Representative Examination (Series 7) is an entry–level exam that qualifies individuals for registration with all self–regulatory organizations to trade, promote, and sell all forms of general securities.

This intense six–hour test is the must–pass exam for aspiring financial professionals. The exam consists of 250 questions about everything from stocks and stock markets, government securities, municipal and corporate bonds, and options to rules for acquiring customers and handling their accounts, general economic theory, and the rules and regulations of the Securities and Exchange Commission.

Created by the experts at The Securities Institute of America, Inc., Wiley Series 7 Exam Review 2017 arms you with what you need to score high on the test and pass the Series 7 Exam. Designed to let you build and fine–tune your knowledge of all areas covered and guarantee that you′re prepared mentally and strategically to take the test, it provides:

Hundreds of examples Assorted practice questions for each subject area covered in the exam Priceless test–taking tips and strategies Helpful hints on how to study for the test, manage stress, and stay focused

Wiley Series 7 Exam Review 2017 is your ticket to passing the test with flying colors—on the first try—and becoming a registered General Securities Representative.

Visit www.efficientlearning.com/finra for more information.

The Securities Institute of America, Inc. helps thousands of securities and insurance professionals build successful careers in the financial services industry every year. Our securities training options include:

Onsite classes Private tutoring Classroom training Interactive online video training classes State–of–the–art exam preparation software Printed textbooks Real–time tracking and reporting for managers and training directors

As a result, you can choose a securities training solution that matches your skill level, learning style, and schedule. Regardless of the format you choose, you can be sure that our securities training courses are relevant, tested, and designed to help you succeed. It is the experience of our instructors and the quality of our materials that make our courses requested by name at some of the largest financial services firms in the world.

To contact The Securities Institute of America, visit us on the web at www.SecuritiesCE.com or call 877–218–1776.

About the Series 7 Exam xxiii

About This Book xxvii

About the Test Bank xxviii

About the Securities Institute of America xxix

Chapter 1 Equity Securities 1

Chapter 2 Debt Securities 29

Chapter 3 Government Securities 55

Chapter 4 Municipal Securities 65

Chapter 5 The Money Market 109

Chapter 6 Economic Fundamentals 117

Chapter 7 Options 133

Chapter 8 Mutual Funds 199

Chapter 9 Variable Annuities 241

Chapter 10 Issuing Corporate Securities 257

Chapter 11 Trading Securities 277

Chapter 12 Customer Accounts 311

Chapter 13 Margin Accounts 333

Chapter 14 Retirement Plans 353

Chapter 15 Brokerage Office Procedure 375

Chapter 16 Fundamental and Technical Analysis 395

Chapter 17 Direct Participation Programs 413

Chapter 18 Customer Recommendations, Professional Conduct, and Taxation 427

Chapter 19 Securities Industry Rules and Regulations 457

Answer Keys 497

Glossary of Exam Terms 515

Index 581