Practice Quiz

FINRA Series 7

Category - Series 7

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What does the bond buyer placement ratio represent?
  1. the amount of municipal bonds held by banks and insurance companies as a percentage of municipal bonds outstanding
  2. the amount of municipal bonds distributed weekly as a percentage of each week’s new issue accounts of more than $1 million
  3. the amount of municipal bonds offered in the daily Blue List as a percentage of the day’s new issue amounts of more than $1 million
  4. the par value amount of municipal bonds offered in the Blue List as a percentage of the 30-day visible supply for competitive and negotiated issues
Explanation
Answer: B - the amount of municipal bonds distributed weekly as a percentage of each week’s new issue accounts of more than $1 million. This is the definition of the ratio.
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