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FINRA Series 7

Category - Series 7

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Which of the following securities is traded only in the over-the-counter market?

corporate bonds
preferred stocks
open-end investment companies
closed-end investment companies

Explanation

Answer: C - open-end investment companies. Open-end mutual funds are a continuous offering of new securities that are not traded on an exchange. They trade only in the over-the-counter market. The other choices may trade over-the-counter or on exchanges.

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FINRA Series 7

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