Which of the following would ordinarily NOT be considered a security under the federal securities laws?

Name: Which of the following would ordinarily NOT be considered a security under the federal securities laws?
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An investment in a nonprofit venture based on one's own entrepreneurial efforts would ordinarily not be considered a security under the federal securities laws. The other options (bonds, stocks, and investment contracts) are typically considered securities under the federal securities laws.

Which of the Following Would Ordinarily NOT Be Considered a Security