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NEW QUESTION: 1

A. Option D
B. Option A
C. Option B
D. Option C
Answer: C
Explanation:

Topic 5, Establish and Maintain Service Levels

NEW QUESTION: 2
Which settings do you need to make for the Source Account to calculate the annual net income (ANI) for the liability account?
Please choose the correct answer.
Response:
A. Revenue and Cost, Destination Account = ANI, reverse sign
B. Revenue and Cost, Destination Account = ANI, do not reverse sign
C. Expense, Destination Account = Revenue and ANI, reverse sign
D. Expense, Destination Account = Revenue and ANI, do not reverse sign
Answer: B

NEW QUESTION: 3
Mr. Shortfall placed a market order to buy 100 shares of Google (GOOG) with GetErDone Broker-Dealers.
The market order was executed at $530 a share. In accordance with Regulation T:
A. Mr. Shortfall must pay for the purchased shares within 3 business days.
B. Mr. Shortfall must pay for the purchased shares within 5 business days.
C. GetErDone can request an extension from FINRA or another SRO for Mr. Shortfall if he is unable to
pay for the shares within 5 business days.
D. Both B and C are true statements.
Answer: D
Explanation:
After his market order to buy shares of GOOG is executed, Mr. Shortfall must pay for the
shares within 5 business days. If he is unable to do so within this time period, GetErDone can request an
extension from FINRA or another SRO for him.