Which of the following statements about investments are false? i. Discount brokers specialise in trading discount securities for their clients; ii. Attempts to satisfy personal cash flow requirements can be considered as a strategic approach to asset allocation; iii. Indirect investment can be characterised by the investment strategy of replicating a particular index; iv. Settlement of an order through the broker will occur in 2 business days after the trade day.

Select one:

a. Only ii and iv are correct

b. Only i and iii are correct

c. Only i and ii are correct

d. Only ii and iii are correct

e. Only iii and iv are correct

f. Only i and iv are correct