On a cash account,full settlement is due the brokerage firm within ____ business days after a buy order has been given.

Question

Quizplus · Accepted Answer

In the United States, the standard settlement period for most securities is trade date plus two business days, often referred to as T+2. However, the question specifies "full settlement is due the brokerage firm within ____ business days after a buy order has been given," which traditionally refers to the previous standard of T+3, or three business days, before the update to T+2 in September 2017. Given the options provided and the traditional context, the correct answer is A) three business days.

On a Cash Account,full Settlement Is Due the Brokerage Firm