The Minimum Equity That Must Be Maintained at All Times

question 90

Multiple Choice

The minimum equity that must be maintained at all times in a margin account is called the:

• A)initial margin.
• B)initial equity position.
• C)maintenance margin.
• D)call requirement.
• E)margin call.

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Definitions:

Bank Account

A financial account maintained by a bank or other financial institution for a customer, allowing the customer to deposit and withdraw money and, in some cases, accrue interest.

ABA Number

An ABA Number is a unique code present on checks and other financial documents to identify the specific U.S. financial institution on which it is drawn.

Itemized List

A list where each entry is separately listed and often numbered or bulleted.