U.S. government agency issues are:

A. Exempt from federal taxes.

B. Exempt from registration under the Securities Act of 1933.

C. Issued in bearer form only.

D. General obligations of the federal government

Preferred dividends:

A. Must be satisfied before common dividends

B. Must be satisfied after common dividends

In a bankruptcy proceeding, which of the following has the highest priority claim?

A. Equity holders

B. Unsecured debt holders

C. Secured debt holders

D. Administrative claim holders

C. Must be satisfied before bond interest payments

D. Must be satisfied each year