Finra Exam Series-7 Topic 4 Question 44 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 44
Topic #: 4

[All Series-7 Questions]

Call loans made by banks to broker/dealers are generally for the purpose of which of the following?

Aexpansion of office facilities

Bmeeting operating expenses

Ccarrying margin accounts

Dfinancing securities held in inventory

Show Suggested Answer

Suggested Answer: C

carrying margin accounts. A call loan is made to brokers who use securities as collateral. They are usually made to finance the debit balances in margin accounts.

by Nichelle at May 03, 2022, 04:34 PM

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