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Finra Exam Series-7 Topic 3 Question 98 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 98
Topic #: 3
[All Series-7 Questions]

Bubba plans to borrow some money and pledge securities as collateral.

Which of the following can he not use as collateral?

Show Suggested Answer Hide Answer
Suggested Answer: C

long one put and short one call. This is a short straddle. A position that is long one put and long one call is a long straddle.


by Francesco at Sep 19, 2024, 07:43 AM

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Pansy
2 months ago
If I can't use my treasured childhood action figures, I'm not going to borrow any money. They're worth their weight in gold!
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Tamra
3 months ago
Hmm, I'm pretty sure I can use my collection of limited edition Pokemon cards as collateral. They're basically the same as cash, right?
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Margery
1 months ago
D) US treasury bonds
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Nathan
1 months ago
C) US treasury notes
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Shelton
1 months ago
B) US treasury bills
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Emogene
2 months ago
A) Series EE bonds
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Jeffrey
3 months ago
Series EE bonds? What is this, the 1950s? Get with the times, Alverta!
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Barrett
1 months ago
True, it's all about the value they represent.
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Holley
1 months ago
Yeah, they may be old-fashioned but they still hold value.
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Diego
1 months ago
Series EE bonds are still commonly used as collateral, Alverta.
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Stanford
1 months ago
D) US treasury bonds
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Marva
2 months ago
C) US treasury notes
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Apolonia
2 months ago
B) US treasury bills
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Beth
2 months ago
A) Series EE bonds
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Alverta
3 months ago
Wait, why can't I use my secret stash of gold bullion as collateral? That's the good stuff!
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Chantell
27 days ago
That makes sense. I'll stick to the options listed.
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Phillip
29 days ago
I think only certain types of securities are accepted as collateral.
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Ettie
30 days ago
But why not? It's valuable!
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Brock
1 months ago
You can't use gold bullion as collateral because it's not listed as an option.
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Loise
1 months ago
D) US treasury bonds
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Madalyn
2 months ago
C) US treasury notes
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Samira
3 months ago
B) US treasury bills
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Mila
3 months ago
A) Series EE bonds
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Sueann
3 months ago
I disagree. Bubba cannot use US treasury bonds as collateral.
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Fausto
3 months ago
I agree with Linn. Series EE bonds are not eligible as collateral.
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Linn
4 months ago
I think Bubba cannot use Series EE bonds as collateral.
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