SIE Exam Question 1023: Answer and Explanation

Question: 1023

Which of the following is a note issued in anticipation of future tax receipts, such as receipts of ad valorem taxes that are due and payable at a set time of year?

  • A. BAN
  • B. RAN
  • C. TAN
  • D. TRAN

Correct Answer: C

Explanation:

A TAN (tax anticipation note) is a note issued in anticipation of future tax receipts, such as receipts of ad valorem taxes that are due and payable at a set time of year.

All content of site and practice tests © 2022 Jack.
Quick View

FINRA Practice Tests