SIE Knowledge of Capital Markets Question 28: Answer and Explanation

Question: 28

Which of the following statements is true regarding CUSIP numbers issued by the Committee on Uniform Securities Identification Procedures?

• A. They are used only on United States stocks and government and municipal bonds.
• B. They are used only on United States and Canadian registered stocks.
• C. They are used on all United States government and municipal bonds.
• D. They are used on all United States and Canadian registered stocks, and on United States government and municipal bonds

Correct Answer: D

Explanation:

D: Choice D is correct because CUSIP numbers are used on all United States and Canadian registered stocks, and on United States government and municipal bonds. Choices A, B, and C are incorrect because these choices each list only some of the categories of investments used with CUSIP numbers.