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All but Which of the Following Is Exempt from Registration

Question 106

Multiple Choice

All but which of the following is exempt from registration with the Securities and Exchange Commission?


A) securities issued by any government in the United States
B) securities issued by nonprofit issuers
C) insurance and annuity contracts issued by insurance companies
D) securities issued in a corporate reorganization in which one security is exchanged for another security
E) long-term notes and drafts that have a maturity date that exceeds one (1) year

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