Series 7 Exam Question 147: Answer and Explanation

Question: 147

Investors are allowed to maintain stock or bond certificates in book entry form instead of receiving the actual certificates through

  • A. DRS
  • B. SIPC
  • C. NAC
  • D. DVP

Correct Answer: A

Explanation:

A. The DRS (Direct Registration System) allows investors to maintain certificates in book entry form rather than receiving physical delivery of certificates.

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