After Placing an Order to Buy or Sell Shares of Stock

question 3

Multiple Choice

After placing an order to buy or sell shares of stock through your broker,which of the following statements is TRUE regarding the settlement date for the order?

• A)The settlement date is the same day as the agreed-upon trade.
• B)The settlement date is one day after the agreed-upon trade.
• C)The settlement date is two days after the agreed-upon trade.
• D)The settlement date is three days after the agreed-upon trade.

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