Series 7

Series 7 practice questions, page 13 of 16, with answer review and explanations.

Question 61

What type of security is quoted with a bid price of 4.72 and an asking price of 4.68?

  1. US treasury note
  2. US treasury bill
  3. US treasury bond
  4. Series H bond

Question 62

Bubba is buying a treasury bill. The discount he receives results in Bubba’s determination of:

  1. face value
  2. nominal yield
  3. rate of return
  4. yield to call

Question 63

A treasury obligation having no fixed rate of interest with a thirty-day maturity due April 22 is most likely a:

  1. treasury note
  2. tax anticipation bill
  3. Series H bond
  4. Series EE bond

Question 64

Which of the following has the greatest risk?

  1. a guaranteed corporate bond
  2. a GNMA bond
  3. a Series H bond
  4. a treasury bill

Question 65

Bubba wants to buy a US treasury bond with a bid of 97.28 and an asking of 98.2. How were these prices established?

  1. by the FINRA
  2. by the Federal Reserve Board
  3. by competitive biding
  4. by the terms of the bond