ExamTopics Logo
Mail Us[email protected]
Menu
Finra Discussions
exam questions

Exam Series 63 All Questions

View all questions & answers for the Series 63 exam
Go to Exam

Exam Series 63 topic 1 question 142 discussion

Actual exam question from FINRA's Series 63
Question #: 142
Topic #: 1
[All Series 63 Questions]

Your client calls you with a market order to purchase 500 shares of the stock of Oracle and asks when payment will be due. If today is Wednesday, September
15th, you inform the client that payment is due on

  • A. Monday, September 20th.
  • B. Thursday, September 16th.
  • C. Friday, September 17th.
  • D. Saturday, September 18th.
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️
If your client places an order to purchase 500 shares of Oracle on the open market on Wednesday, September 15th, payment will be due on Monday,
September 20th. The settlement date for stock transactions is T + 3, which means the third business day after the trade. Saturday is not a business day.
by Lehj at March 14, 2020, 6:52 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
jaytic
3 years, 7 months ago
Agreed its T+2
upvoted 1 times
...
Lehj
4 years, 9 months ago
Should be T+2
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago