Series 7 Exam Question 174: Answer and Explanation

Question: 174

A customer's confirmation must include

I. the customer's account number

II. whether the customer bought, sold, or sold short

III. the price of the security

IV. the markup, markdown, or commission

• A. I and III
• B. II and IV
• C. I, III, and IV
• D. I, II, III, and IV

Correct Answer: D

Explanation:

D. I hope you found this question to be fairly easy. Confirmations must include pretty much all the information regarding the trade, including all the choices listed.