STC Series 7 Exam 8B 2025 With 100%
Correct Answers
A customer is short 1,000 shares of ABC. If the current market price of ABC is $30 per share,
what is the minimum maintenance requirement for equity in the account?
a. $2,500
b. $5,000
c. $7,500
d. $9,000 - CORRECT ANSWER✔✔d. $9,000
Which of the following companies is LEAST influenced by cyclical changes in the economy?
a. Leisure
b. Heavy equipment
c. Automobile
d. Brewery - CORRECT ANSWER✔✔d. Brewery
The payment date for securities purchased in a cash or margin account as stated by Regulation T
is:
a. One business day from the trade date
b. Three business days from the trade date
c. Two business days from the settlement date
d. Ten business days from the settlement date - CORRECT ANSWER✔✔c. Two business days
from the settlement date
When the Federal Reserve Board buys U.S. government securities in the open market, the effect
on the banking system will be:
, I. An increase in deposits
II. An increase in reserves
III. A decrease in deposits
IV. A decrease in reserves
a. I and II only
b. I and III only
c. II and III only
d. III and IV only - CORRECT ANSWER✔✔a. I and II only
Which of the following statements is NOT TRUE concerning approval by a supervisory person?
a. All retail communications with recommendations of products or services must be approved
by a principal
b. All retail communications without recommendations of products or services are subject to
review by a principal
c. All written correspondence to retail investors must be preapproved by a principal
d. All institutional communications are subject to review by a principal - CORRECT
ANSWER✔✔c. All written correspondence to retail investors must be preapproved by a
principal
A customer sells short 100 shares of ABC at 40 and also writes an ABC Jan 40 put @ 4. The
margin requirement for these transactions is:
a. $1,600
b. $2,000
c. $3,200
d. $5,200 - CORRECT ANSWER✔✔b. $2,000
An easing of money and credit in the economy is the probable result of which TWO of the
following adjustments?
Correct Answers
A customer is short 1,000 shares of ABC. If the current market price of ABC is $30 per share,
what is the minimum maintenance requirement for equity in the account?
a. $2,500
b. $5,000
c. $7,500
d. $9,000 - CORRECT ANSWER✔✔d. $9,000
Which of the following companies is LEAST influenced by cyclical changes in the economy?
a. Leisure
b. Heavy equipment
c. Automobile
d. Brewery - CORRECT ANSWER✔✔d. Brewery
The payment date for securities purchased in a cash or margin account as stated by Regulation T
is:
a. One business day from the trade date
b. Three business days from the trade date
c. Two business days from the settlement date
d. Ten business days from the settlement date - CORRECT ANSWER✔✔c. Two business days
from the settlement date
When the Federal Reserve Board buys U.S. government securities in the open market, the effect
on the banking system will be:
, I. An increase in deposits
II. An increase in reserves
III. A decrease in deposits
IV. A decrease in reserves
a. I and II only
b. I and III only
c. II and III only
d. III and IV only - CORRECT ANSWER✔✔a. I and II only
Which of the following statements is NOT TRUE concerning approval by a supervisory person?
a. All retail communications with recommendations of products or services must be approved
by a principal
b. All retail communications without recommendations of products or services are subject to
review by a principal
c. All written correspondence to retail investors must be preapproved by a principal
d. All institutional communications are subject to review by a principal - CORRECT
ANSWER✔✔c. All written correspondence to retail investors must be preapproved by a
principal
A customer sells short 100 shares of ABC at 40 and also writes an ABC Jan 40 put @ 4. The
margin requirement for these transactions is:
a. $1,600
b. $2,000
c. $3,200
d. $5,200 - CORRECT ANSWER✔✔b. $2,000
An easing of money and credit in the economy is the probable result of which TWO of the
following adjustments?
