SIE Exam Question 864: Answer and Explanation

Question: 864

Stock in direct investment plans, Treasury securities purchased directly from the U.S. Department of the Treasury, and recently issued municipal bonds are held in which of the following forms?

• A. Book entry form
• B. Issue entry form
• C. Record entry form
• D. Register entry form

Correct Answer: A

Explanation:

Stock in direct investment plans, Treasury securities purchased directly from the U.S. Department of the Treasury, and recently issued municipal bonds are held in book entry form.