Series 7 - General Securities Representative Exam

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What is a potential advantage of having a TOD account?

It requires a smaller margin requirement than a Portfolio Margin account
A
It can help avoid having assets in probate
B
The intraday margins can decrease below the maintenance margin
C
It is a way to write naked calls and puts in an IRA account
D

Explanations

A TOD - transfer on death account, may help to avoid the probate process for the assets contained in the account

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