SIE Exam Question 622: Answer and Explanation

Question: 622

Which of the following type of bond is unregistered, with no record kept regarding the owner or transactions involving ownership?

• A. Bearer bond
• B. Brady bond
• C. Fidelity bond
• D. Surety bond

Correct Answer: A

Explanation:

A bearer bond is a type of bond that is unregistered, with no record kept regarding the owner or transactions involving ownership.