Series 10 Exam Question 11: Answer and Explanation

Question: 11

A branch office may do which of the following?

I. Advertise in the phone book.

II. Approve new accounts.

III. Execute customer orders on a wire basis.

IV. Conduct the member's business with the public.

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

Correct Answer: A

Explanation:

A branch office may advertise and may conduct the member's business at the branch office. It may not do the other choices listed.