Series 7 Exam Question 188: Answer and Explanation

Question: 188

Secured bonds include

I. equipment trusts

II. income bonds

III. mortgage bonds

IV. debentures

• A. I and II
• B. I and III
• C. III and IV
• D. I, II, III, and IV

Correct Answer: B

Explanation:

B. Secured bonds are ones secured with collateral. Secured bonds include mortgage bonds, equipment trusts, collateral trusts, and guaranteed bonds.