Free Series 99 Exam Question

Here is a great Series 99 Exam question from the Basic knowledge Associated with Broker Dealer Operations section of the Series 99:

Which of the following inter-dealer trades does not settle in clearinghouse funds?


A) OTC stocks

B) GO bonds

C) Corporate bonds

D) U.S. government bonds



ANSWER: D

Trades in securities backed by the federal government are settled in federal funds, not clearinghouse funds.
 
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