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Finra Exam Series-7 Topic 6 Question 97 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 97
Topic #: 6
[All Series-7 Questions]

When opening a brokerage account for a customer, a registered representative must determine the customer's:

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Suggested Answer: C

they are adjusted for cash dividends. This is the statement that is ''not'' true.


by Alida at Sep 18, 2024, 10:01 PM

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Dante
2 months ago
Well, if I had a dollar for every time I had to determine a customer's financial profile, I'd be a millionaire by now. Good thing it's a straightforward question!
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Tawna
23 days ago
D) all of the above
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Fernanda
29 days ago
C) financial requirements
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Phyliss
1 months ago
B) financial resources
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Louis
1 months ago
A) investment objectives
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Fidelia
3 months ago
Isn't it funny how they make these questions so straightforward? It's almost like they want us to get them right. I'll take it!
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Corazon
1 months ago
C) financial requirements
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Antonio
1 months ago
B) financial resources
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Georgeanna
1 months ago
C) financial requirements
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Olene
2 months ago
B) financial resources
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Wilda
2 months ago
A) investment objectives
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Charisse
2 months ago
A) investment objectives
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Frederick
3 months ago
Absolutely! Covering all the bases is the way to go. You don't want to miss anything that could impact the customer's financial goals and risk tolerance.
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Lilli
3 months ago
I agree with Mabel. Considering all aspects of the customer's financial situation is essential to provide appropriate investment recommendations and services.
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Irma
2 months ago
D) all of the above
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Lizbeth
2 months ago
C) financial requirements
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Darrin
2 months ago
B) financial resources
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Mi
3 months ago
A) investment objectives
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Mabel
3 months ago
Option D is definitely the correct answer. As a registered representative, determining the customer's investment objectives, financial resources, and financial requirements is crucial for opening a brokerage account.
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Isidra
2 months ago
D) all of the above
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Yuki
2 months ago
C) financial requirements
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Georgene
2 months ago
B) financial resources
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Carman
2 months ago
A) investment objectives
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Dyan
3 months ago
I'm not sure, but I think it's important to consider all aspects of the customer's financial situation before making investment decisions.
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Nancey
4 months ago
I agree with Vanesa, because determining all of these factors is important for making suitable investment recommendations.
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Vanesa
4 months ago
I think the answer is D) all of the above.
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