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Exam Series 7 All Questions

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Exam Series 7 topic 1 question 227 discussion

Actual exam question from FINRA's Series 7
Question #: 227
Topic #: 1
[All Series 7 Questions]

A registered representative just accepted Bubbas instructions to buy a specific stock in the over-the-counter market with the credit balance in his account.
Which of these orders for that issue can be entered and executed on a single ticket in a typical broker/dealer organization?

  • A. buy 150 XYZ at market
  • B. buy 150 XYZ at 17.50 or better
  • C. buy $2,500 worth of a mutual fund XYZ Corporation
  • D. all of these
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Suggested Answer: D 🗳️
all of these. In the OTC market, all of these orders are possible. A mutual fund is considered OTC.
by lolojepu at April 6, 2025, 2:10 a.m.

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