Securities That Are Exempt from Registration Under the Federal Securities

question 81

Multiple Choice

Securities that are exempt from registration under the federal securities laws include:

• A) securities of domestic banks.
• B) annuity contracts issued by state-regulated insurance companies.
• C) bonds issued by a city.
• D) All of these are exempt.

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Definitions:

Public Aid Programs

Government initiatives designed to provide financial assistance, healthcare, food support, and housing to individuals or families in need.

Means-Tested

Programs or benefits that are only available to individuals or families who fall below a certain income threshold.

Monetary Benefit

Financial gains obtained from an action, investment, or decision, quantifiable in terms of money.

Perverse Incentives

Incentives that have unintended and undesirable results, contrary to the interests of the incentive makers.