Free Series-7 – General Securities Representative Qualification Examination (GS) Practice Test Question

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  purchasers of fund shares must agree to make regular investments over a period of years

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  income, dividend, and capital gain distributions may be automatically used to purchase new shares of the fund

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  holders of fund shares are permitted to regularly purchase additional shares at the bid price

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  no federal income taxes are paid on dividends and capital gain distributions from the fund
  

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  cash or property paid out

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  depletion of real property

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  losses

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  income from extraordinary sources
  

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  purchase any IPO security provided the plan is not sponsored solely by a broker/dealer

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  apply for an exemption

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  only purchase securities rated “A” or better

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  purchase only securities issued by the state or federal government