Which of the Following Is Not an Exempt Security Under

question 50

Multiple Choice

Which of the following is not an exempt security under the 1933 Act?

• A)Municipal bonds
• B)Insurance policies
• C)Promissory notes
• D)Annuities
• E)All of the above are exempt securities.

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Definitions:

Return on Assets

A financial ratio that measures the net income produced by total assets during a period by comparing net income to the average total assets.

Net Income

The net earnings of a company following the deduction of all costs, such as taxes and operational expenses, from its overall income.

Total Assets

The sum of everything an organization owns, both current and noncurrent, that can be used to generate value.

Income Statement

A report detailing a business's income, outgoings, and profit over a set period.