SIE Exam Question 960: Answer and Explanation

Question: 960

According to the T+2 settlement cycle, shares of stock that are sold on Monday will settle on:

• A. Tuesday.
• B. Wednesday.
• C. Thursday.
• D. Friday.

Correct Answer: B

Explanation:

According to the T+2 settlement cycle, shares of stock that are sold on Monday will settle on Wednesday.