IIA
IIA-CFSA · Question #279
Most certificates are held by the depository trust company as custodians for the trustee for the benefit of the certificate holders, and the notice of book entry is made to the certificate holders…
The correct answer is A. Where they are? See the full explanation below for the reasoning.
Question
Most certificates are held by the depository trust company as custodians for the trustee for the benefit of the certificate holders, and the notice of book entry is made to the certificate holders simultaneously with the distribution. The actual certificates, but instead only possess a record of ___________.
Options
- AWhere they are?
- BWhat they have?
- CWhen they purchased?
- DAll of these
How the community answered
(27 responses)- A81% (22)
- B4% (1)
- C4% (1)
- D11% (3)
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