Finra Exam Series-7 Topic 3 Question 45 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 45
Topic #: 3

Bubba is opening a margin account with a member organization. He wishes to purchase 100 shares of XYZ at $15 per share.

What is Bubba's initial cash deposit?

A$375

B$1,050

C$1,500

D$2,000

Show Suggested Answer

Suggested Answer: C

$1,500. The NYSE minimum requirement is the lower of $2,000 or 100% of the account.

by Dominque at May 07, 2022, 08:19 PM

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