Answer Happy

1.)Blue sky laws apply to what type of securities
transaction?
a. sales of stocks from fictitious companies
b. stocks traded on a national stock exchange
c. state-regulated securities offerings
d. stock offerings that exceed $1,000 per share
2.) Which of the following securities are exempt from
registration under the Securities Act of 1933? Choose 3
answers.
a. securities issued by a corporation when the company has
issued less than $70 million in securities in the past 12
months
b. federal government bonds
c. tax-exempt bonds issued by a charitable organization
d. a corporate promissory note with a term of 9 months or
less
3.) A debt issued by a company as a negotiable instrument with a
term of 9 months or less is a security that is exempt from
registration and is called:
a. short-term commercial paper.
b. short-term private placement.
c. a short-swing trade.
d. a short-term offering.