1. Your best client purchases $9,930.00 of Government of Canada Treasury bills from you, as an Investment Advisor. You have set up a cash account for this client. What would be the settlement date? a. Same day as the transaction takes place b. Two business days after the transaction takes place c. Three business days after the transaction takes place d. T-Bills are only purchased OTC through the major banks, and as such require cash only 2. A cash account is best described by which of the following: a. Extended cash accounts may have special provision which allow for settlement of a transaction three business days after the trade is booked b. Regular cash accounts are required to make full payment for purchases or full delivery for sales on or before the settlement date which varies depending on the type of security purchased c. Regular cash accounts are required to make full payment for purchases or full delivery for sales on the purchase date in cash d. Regular cash accounts are required to make full payment for purchases in cash but not full delivery for sales on the purchase