Canadian Securities Course (CSC) Practice Exam

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Who are typically described as Government Securities Distributors (GSD) in the financial context?

  1. Authorized shares that have been sold by a corporation

  2. Investment dealers or banks authorized to bid at government bond auctions

  3. Individual investors in government securities

  4. Brokers negotiating on special features for new issues

The correct answer is: Investment dealers or banks authorized to bid at government bond auctions

Government Securities Distributors (GSD) are investment dealers or banks who are authorized to bid at government bond auctions. Option A is incorrect because authorized shares pertain to stocks, not government securities. Option C is incorrect because individual investors typically do not have the necessary authorization to bid at government bond auctions. Option D is incorrect because brokers are not typically involved in government bond auctions.

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