Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) In equity markets, delivery and cash settlement normally occur two business days after the spot agreement.
B) In equity markets, delivery and cash settlement normally occur three business days after the spot agreement.
C) In equity markets, delivery and cash settlement normally occur four business days after the spot agreement.
D) In equity markets, delivery and cash settlement normally occur five business days after the spot agreement.