Canadian Securities Course (CSC) Practice Exam · Question
In a margin account, if the equity in the account falls below the minimum margin required, the client may receive a:
A margin call occurs when the value of the securities in a client's margin account drops to a point where the equity falls below a specified maintenance margin,
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Question: In a margin account, if the equity in the account falls below the minimum margin required, the client may receive a:
Answer options: ✅ Margin call
- Dividend payment
- Interest rebate
- Stock split notification
Correct answer: Margin call
Explanation: A margin call occurs when the value of the securities in a client's margin account drops to a point where the equity falls below a specified maintenance margin, requiring the client to deposit additional funds or securities.
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