You Currently Have $5,000 in Cash in Your Brokerage Account

question 86

Multiple Choice

You currently have $5,000 in cash in your brokerage account. You decide to spend $8,000 to purchase shares of stock and borrow $3,000 from your broker to do so. Which type of brokerage account do you have?

• A)Cash
• B)Wrap
• C)Margin
• D)Short
• E)Asset allocation

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An individual's initial violation of a rule or law, typically considered when determining penalties or consequences.

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