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FINRA Series 7

Category - Series 7

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Bubba plans to borrow some money and pledge securities as collateral. Which of the following can he not use as collateral?

Series EE bonds
US treasury bills
US treasury notes
US treasury bonds

Explanation

Answer: A - Series EE bonds. Because Series EE bonds are not negotiable, they have no collateral value. They cannot be sold back to the US government.

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FINRA Series 7

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FINRA Series 7

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