Finra Exam Series-7 Topic 2 Question 65 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 65
Topic #: 2

[All Series-7 Questions]

Level III of NASDAQ provides which of the following?

Arepresentative quotations

Bfirm quotations

Csubject markets

Dworkout markets

Show Suggested Answer

Suggested Answer: B

it is somewhat below the standard minimum. The standard minimum current ratio for a manufacturing company is 2 to 1. The current ratio for this company is 1.92 (9,400,000 divided by 4,900,000).

by Taryn at Feb 06, 2023, 06:50 AM

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Leeann

9 days ago

This one's a no-brainer. Level III of NASDAQ provides firm quotations, which is the most reliable and authoritative information you can get. The other options just sound like they're made up.

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Eric

23 days ago

B) firm quotations, of course! I can't imagine why anyone would need 'subject markets' or 'workout markets' on a stock exchange. Sounds like they're really trying to trick us here.

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Dortha

26 days ago

Hmm, firm quotations sounds like the way to go. I mean, who wants representative or 'workout' quotations? That just sounds like a workout I don't need.

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