All of the following statements concerning municipal securities transactions are correct except: (a) the settlement date for securities transactions is referred to as a business day. (b) the settlement date for a regular way transaction in municipal securities is the second business day following the trade date. (c) the trade date is the date used to calculate price and interest. (d) the settlement date for a cash transaction in municipal securities is the trade date.

answer:

b.

explanation:

Explanation:

In 1824, Andrew Jackson found himself in a confusing situation: He won both the popular vote and got the most votes in the electoral college, but lost the election anyway.

That year, there were four main contenders for president, all from the Democratic-Republican party: Secretary of State John Quincy Adams, Secretary of the Treasury William Harris Crawford, Speaker of the House Henry Clay, and Tennessee Senator Andrew Jackson.

At the time, a candidate needed 131 electoral college votes in order to win the presidency. After all of the ballots were counted, Jackson had received 99 votes to John Quincy Adams’s 84. The remaining votes were split between Crawford and Clay—41 and 37 respectively.