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SOFE SOFA-CFE Exam - Topic 6 Question 2 Discussion

What represents balances due from brokers when a security has been sold, but the proceeds have not been received?
B) Receivable for securities
A) Payable for securities
C) Security balancing
D) Premium security

SOFE SOFA-CFE Exam - Topic 6 Question 2 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 2
Topic #: 6
[All SOFA-CFE Questions]

What represents balances due from brokers when a security has been sold, but the proceeds have not been received?

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Suggested Answer: B

by Cecily at May 05, 2022, 04:18 AM

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Ahmad
8 months ago
Yeah, I was surprised too!
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Tequila
8 months ago
I thought it was "Payable for securities."
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Lizette
9 months ago
Wait, is it really that simple?
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Coleen
9 months ago
Totally agree, that's the correct term!
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Glenn
9 months ago
It's definitely "Receivable for securities."
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Elfrieda
9 months ago
I feel like I’ve seen a question like this before, and I think "Receivable for securities" was the right answer then too.
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Junita
9 months ago
I’m a bit confused; I thought "Payable for securities" could also fit, but that seems more like what we owe rather than what we’re owed.
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Mabel
9 months ago
I think it might be "Receivable for securities," but I'm not entirely sure. It sounds familiar from the practice questions.
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Wendell
9 months ago
I remember something about balances due being classified as receivables, so I’m leaning towards option B as well.
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Aliza
9 months ago
Wait, isn't HTTP just the basic web protocol? I don't think that's considered secure.
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Leslee
9 months ago
This seems like a straightforward Splunk question. I'm going to go with B. Splunk definitely parses data and assigns metadata, so that part of the statement is accurate.
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Yolande
10 months ago
Hmm, I'm a bit unsure about this one. I'll need to review my notes on the RTN 910A CSHR board and its connectivity options.
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