Regulation T is set at 50%. Bubba's account contains long positions in the following securities with the prices listed:
100 ABC $30
200 XYZ $70
200 QBB $40
200 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
Bubba wants to buy 100 shares of DUM at $30 per share and 100 shares of OUT at $120. How much additional money must be deposited?

• A.$6,000
• B.$7,000
• C.$4,500
• D.$1,500

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Which of the following is not an attribute of US treasury bills?

• A.an unusually high degree of liquidity
• B.always sells at a discount to face value
• C.is most often issued with three-month, six-month, and one-year maturities
• D.interest is exempt from federal income taxes

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What is the maximum amount of gift to customers or other individuals related to the securities business that a registered representative is permitted to give?

• A.$500
• B.$200
• C.$100
• D.$50

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Which of the following is a benefit of Section 8 low-income housing partnerships?

• A.high, reliable income
• B.large deductions
• C.potential for capital appreciation
• D.low risk

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Level III of NASDAQ provides which of the following?

• A.representative quotations
• B.firm quotations
• C.subject markets
• D.workout markets

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