Series 7 Exam Question 145: Answer and Explanation

Question: 145

What is the settlement date for U.S. government bond transactions?

• A. 1 business day after the trade date
• B. 2 business days after the trade date
• C. 3 business days after the trade date
• D. The same day as the trade date

Correct Answer: A

Explanation:

A. The settlement date for U.S. government bonds is one business day after the trade date (T+1).