Which of the Following Is an Example of a Transaction

question 69

Multiple Choice

Which of the following is an example of a transaction exemption from the registration requirements of the 1933 Act?

• A) Securities issued by municipal governments in the United States and offered solely to banks.
• B) Securities issued by nonprofit charitable organizations and offered solely to institutional investors.
• C) Securities issued by banks and offered solely to investors sophisticated in investment matters.
• D) Securities issued by for-profit corporations and offered solely to intrastate investors.

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Definitions:

Concrete Operational

A stage in Jean Piaget's theory of cognitive development during which children (ages 7-12 approximately) gain a better understanding of mental operations, leading to more logical thoughts about concrete events.

Formal Operational

The stage of cognitive development, according to Piaget, where individuals can think abstractly and systematically.

Assimilation

The cognitive process of fitting new information into pre-existing cognitive schemas, perceptions, and understanding.

Accommodation

The process of adapting or adjusting one's cognitive structures to incorporate new information from the environment.