SIE Exam Practice Question 129
Question: 129
A stock trade executed on Friday, January 2, will settle on what date?
Correct Answer: B
Explanation:
Stock trades ordinarily settle on a T+2 schedule, meaning that the settlement date is two business days following the trade date (T). Therefore, a stock trade executed on Friday, January 2, would settle on Tuesday, January 6, since weekends do not count as business days.
More Tests
- SIE Exam Practice Test 1
- SIE Exam Practice Test 2
- SIE Exam Practice Test 3
- SIE Exam Practice Test 4
- SIE Exam Practice Test 5
- SIE Exam Practice Test 6
- SIE Exam Practice Test 7
- SIE Exam Practice Test 8
- SIE Exam Practice Test 9
- SIE Exam Practice Test 10
- SIE Exam Practice Test 11
- SIE Exam Practice Test 12
- SIE Exam Practice Test 13
- SIE Exam Practice Test 14
- SIE Exam Practice Test 15
- SIE Exam Practice Test 16
- SIE Exam Practice Test 17
- SIE Exam Practice Test 18
- SIE Exam Practice Test 19
- SIE Exam Practice Test 20