Question

Question 21 Which of the following statements are true concerning free credit balances? Not yet answered Marked out of 1.00 Flag question Select one: a. These funds are called excess margin. o b. Dealer members cannot use these funds, as they belong to their clients. O c. If these funds are used, they must be replaced in the client's account within 24 hours. o d. Dealer members can use these monies in their day-to-day business activities. Question 22 Louise short-sold 200 shares of TCB Ltd. at $25 per share. She does not want to lose any more than 10% if the share price rises. Which of the following is true? Not yet answered Marked out of 1.00 Flag question Select one: O a. She would put in a stop-buy order at $26.00. O b. She would put in a stop-loss order at $23.50. c. She would put in a stop-loss order at $27.50. d. She would put in a stop-buy order at $27.50. Question 23 Tom Jones buys 400 shares of ABC Company, at $10.00 per share. What would be his margin requirement? Not yet answered Marked out of 1.00 Select one: O a. There is not enough information provided to answer the question. Flag question O b. $2,000 c. $1,000 d. $1,200 O

Answer 1

21.True Statement

A .They are called excess margins

22. True statement-

D.She would put a stop buy order at $ 27.5

23. His margin requirement is 50 percent so

B. $2000