Series 10 Exam Question 19: Answer and Explanation

Question: 19

All of the following are required in the account title for a custodial account, EXCEPT:

• A. The minor's Social Security number.
• B. The name of the state.
• C. UGMA.
• D. The name of the custodian.

Correct Answer: A

Explanation:

Although the minor's Social Security number is listed on the account, it does not appear in the account title.