Sam Is Purchasing 800 Shares of RPT, Inc

question 43

Multiple Choice

Sam is purchasing 800 shares of RPT, Inc., stock at a price per share of $24.50. What is the minimum amount the Federal Reserve will require Sam to pay in cash for this purchase?

• A)$4,488
• B)$6,200
• C)$9,800
• D)$10,968
• E)$11,960

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Definitions:

Unaccountable Consumerism

A critique of consumer behavior that stresses the lack of responsibility in the excessive acquisition of goods, disregarding the environmental and social consequences.