A Restricted Account Is Defined as a Margin Account Wherein

question 97

Multiple Choice

A restricted account is defined as a margin account wherein the equity is

• A) less than the initial margin amount.
• B) greater than the initial margin amount.
• C) less than the maintenance margin amount.
• D) greater than the maintenance margin amount.

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Definitions:

Forged Cashier's Check

A counterfeit document made to look like a legitimate cashier's check, used in fraudulent transactions.

Innocent Purchaser

An individual who buys property without knowledge of any existing claims, disputes, or defects associated with it.

Fraud

An intentional deception made for personal gain or to damage another individual.

Sale-Or-Return Contract

A contract in which the buyer and seller agree that the buyer may return the goods at a later time.