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Paralegal Exam Prep

Category - Legal Envrmt

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A security is:

An option banknote
A mutual option
An investment contract
The manner in which a company safeguards its corporation secrets
A document that is given to a member of a company's board of directors

Explanation

Answer: C. A security is an investment contract. It is represented by a certificate or an electronic entry. A company that issues a security is called an issuer.

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