Series 7 - General Securities Representative Exam

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FINRA's minimum deposit with a brokerage is to trade on margin is

$2,000, or 130% of the purchase price, whichever is less
A
$2,000, or 130% of the purchase price, whichever is greater
B
$2,000, or 100% of the purchase price, whichever is greater
C
$2,000, or 100% of the purchase price, whichever is less
D
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Explanations

This is known as the minimum margin. It is $2,000, or 100% of the purchase price, whichever is less

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