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Which of the Following Is not\underline{\text{not}} An Exempt Security Under the 1933 Act?
A)municipal Bonds
B)insurance

Question 78

Multiple Choice

Which of the following is not\underline{\text{not}} an exempt security under the 1933 Act?


A) municipal bonds
B) insurance policies
C) promissory notes
D) annuities
E) All of the above are exempt securities.

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