Accounts & CustomersCâu 60 / 125
A customer buys $20,000 of marginable stock in a margin account. Under Regulation T at 50%, how much must the customer deposit?
a.$5,000
b.$10,000
c.$20,000
d.$2,000
Giải thích
The Regulation T initial requirement of 50% applies to the $20,000 purchase, so the customer must deposit $10,000. The broker-dealer may lend the remaining $10,000, which becomes the debit balance in the margin account.
Trích dẫn luật: Securities Exchange Act of 1934Luyện miễn phí toàn bộ 125 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A custodial account established under the Uniform Transfers to Minors Act (UTMA) has which feature?
- To exercise discretion in a customer's account, a registered representative must first obtain:
- Under Regulation T, the initial margin requirement for a purchase of marginable common stock is currently:
- FINRA's minimum maintenance margin requirement for a long stock position is:
- A customer holds long stock with a current market value of $40,000 and a debit balance of $32,000. Using the 25% maintenance requirement, what is the status of the account?
- In a short margin account, the customer profits when:
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