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The Series 7 is a three-hour, forty-five-minute exam. [1] It is held in one four-hour session. There are 125 questions on the test. Candidates have to score at least 72% to pass. The SIE Exam and the Series 7 Exam are co-requisite exams. [9] Average study time is between 80 and 150 hours depending on current financial knowledge. [10]
General Securities Representative Examination, more commonly known as the Series 7 Exam, required to receive a license as a stockbroker in the U.S. Investment Company Products/Variable Life Contracts Representative Examination, more commonly known as the Series 6 Exam , for U.S. licensing to sell a limited set of securities such as mutual funds ...
[2] [3] [4] It was written by the cognitive psychologist George A. Miller of Harvard University's Department of Psychology and published in 1956 in Psychological Review. It is often interpreted to argue that the number of objects an average human can hold in short-term memory is 7 ± 2. This has occasionally been referred to as Miller's law. [5 ...
Passing the Series 7 exam registers you to sell and trade most securities as a financial services professional. The exam covers several topics including investment products and their potential ...
Obtaining the Series 7 license is an important step for many financial advisors on their climb up the career ladder. ... 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...
For example, the Graduate Record Exam is a computer-adaptive assessment that requires no scoring by people except for the writing portion. [26] Human scoring is relatively expensive and often variable, which is why computer scoring is preferred when feasible. For example, some critics say that poorly paid employees will score tests badly. [27]
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