Unless Your Security Is Exempted,what Section of the Securities Act

question 50

Multiple Choice

Unless your security is exempted,what Section of the Securities Act of 1933 requires you to file a registration statement with the SEC?

• A)Section 1
• B)Section 2
• C)Section 3
• D)Section 4
• E)Section 5

---

Definitions:

Foreign Currency

Currency used in a country other than one's own, involving exchange risk when converting from one currency to another.

Net Realizable Value

The estimated selling price in the ordinary course of business minus any costs of completion, disposal, and transportation.

Inventory

The total amount of goods or materials a company has in stock, including raw materials, work-in-progress, and finished goods.