In Canada, the Margin Requirement for Security Trading Is Determined

question 116

Multiple Choice

In Canada, the margin requirement for security trading is determined by the:

• A) Provincial Securities Commission.
• B) Investment Dealers Association (IDA).
• C) Toronto Stock Exchange.
• D) Bank of Canada.
• E) individual brokerage firm.

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Definitions:

Assets

Resources owned by a business or individual that are expected to provide future economic benefit.

Liabilities

Financial obligations or debts that a company or individual owes to others.

GAAP

Generally Accepted Accounting Principles, a collection of commonly followed accounting rules and standards for financial reporting.

Accounting and Financial Reporting

The process of recording, summarizing, and reporting the financial transactions of a business to provide an accurate picture of its financial position and performance.