Series 7 Exam Question 147: Answer and Explanation
Question: 147
Investors are allowed to maintain stock or bond certificates in book entry form instead of receiving the actual certificates through
- A. DRS
- B. SIPC
- C. NAC
- D. DVP
Correct Answer: A
Explanation:
A. The DRS (Direct Registration System) allows investors to maintain certificates in book entry form rather than receiving physical delivery of certificates.
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