Securities Registration第 41 / 100 题
Which statement about United States Treasury bonds under the Uniform Securities Act is correct?
a.They are exempt only when sold to institutional investors
b.They are exempt securities, so the exemption follows the instrument in every transaction
c.They are exempt transactions rather than exempt securities
d.They must be registered by coordination in each state
解析
Federal government obligations are listed as exempt securities, meaning the exemption attaches to the instrument itself and holds regardless of who buys or how the sale is arranged. An exempt transaction, by contrast, depends entirely on the circumstances of the particular sale. Because the security is exempt, no method of state registration is needed.
法律依据: Uniform Securities Act免费刷完整 100 道题库 — 无需注册。
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