Series 7 - General Securities Representative Exam
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Which of the following BEST describes an accredited investor?
An investor with a net worth of $1,000,000 or more or an investor that has an income of at least $200,000 per year for the previous two years
A
An investor with a net worth of $1,000,000 or more or an investor that has an income of at least $500,000 per year for the previous two years
B
An investor with a net worth of $10,000,000 or more or an investor that has an income of at least $1,000,000 per year for the previous two years
C
An investor with a net worth of $10,000,000 or more or an investor that has an income of at least $200,000 per year for the previous two years
D
Explanations
An investor with a net worth of $1,000,000 or more or an investor that has an income of at least $200,000 per year for the previous two years