When Your Equity Position in a Security Is Less Than

question 38

Multiple Choice

When your equity position in a security is less than the required amount, your brokerage firm will issue a:

• A)margin call.
• B)margin certificate.
• C)cash certificate.
• D)limit order.
• E)leverage call.

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Definitions:

Nonoverlapping Classes

Categories or groups in a classification system where each member of the population belongs to one and only one group, ensuring distinct boundaries.

Cumulative Frequency

The sum of a series of frequencies, calculated by adding each frequency from a frequency distribution table to the sum of its predecessors.

Upper Limit

The maximum value in a given set or the highest value that a variable can assume.

Class

In programming, a blueprint for creating objects that contains specific attributes and methods.