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FINRA Series 7

Category - Series 7

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

expansion of office facilities
meeting operating expenses
carrying margin accounts
financing securities held in inventory

Explanation

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.

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FINRA Series 7

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FINRA Series 7

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