Which one of the following best describes the term "initial margin"?
A)Amount of money that must be deposited to open a margin account with a broker
B)Amount of cash that must be paid to purchase a security on margin
C)Amount of cash that must be paid when a broker issues a margin call
D)Amount of money borrowed when a security is purchased
E)Total loan amount offered to a customer by a brokerage firm to cover future purchases

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The Answer of Which one of the following best describes the term "initial margin"?
A)Amount of money that must be deposited to open a margin account with a broker
B)Amount of cash that must be paid to purchase a security on margin
C)Amount of cash that must be paid when a broker issues a margin call
D)Amount of money borrowed when a security is purchased
E)Total loan amount offered to a customer by a brokerage firm to cover future purchases

Which One of the Following Best Describes the Term "Initial