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Finra Series-7 Exam - Topic 4 Question 44 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 44
Topic #: 4
[All Series-7 Questions]

Call loans made by banks to broker/dealers are generally for the purpose of which of the following?

Show Suggested Answer Hide Answer
Suggested Answer: C

carrying margin accounts. A call loan is made to brokers who use securities as collateral. They are usually made to finance the debit balances in margin accounts.


by Nichelle at May 03, 2022, 04:34 PM

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Karon
7 months ago
Surprised this is even a question, it's so basic!
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Buck
7 months ago
Really? I always thought they were for operating expenses.
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Dick
7 months ago
Yeah, margin accounts make the most sense here.
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Becky
7 months ago
I thought it was for financing securities in inventory?
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Tammara
8 months ago
Definitely for carrying margin accounts.
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Golda
8 months ago
I feel like the answer is definitely related to margin accounts, but I could see how it might also involve financing securities.
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Geraldine
8 months ago
I remember practicing a question similar to this, and I think it was about financing securities held in inventory.
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Lajuana
8 months ago
I think call loans are mainly used for carrying margin accounts, but I'm not entirely sure.
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Una
8 months ago
I’m a bit confused; I thought call loans were for meeting operating expenses, but that doesn't seem right now.
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Ronny
8 months ago
The Deming cycle is definitely focused on improvement, so I'm leaning towards option A. But I'll double-check the other options just to be sure.
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Nakisha
8 months ago
Hmm, I'm a bit unsure about this one. There are a few options presented, and I'm not sure which one would be the best recommendation. I'll need to think through the pros and cons of each approach.
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