Free CRCM Exam Braindumps (page: 39)

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Purpose credit is credit for all of the following EXCEPT:

  1. Immediate purpose of purchasing or carrying margin stock
  2. Incidental purpose of purchasing or carrying margin stock
  3. Ultimate purpose of purchasing or carrying margin stock
  4. Accidental purpose of purchasing or carrying margin stock

Answer(s): D



Under collateral requirements-12CFR 221.7, maximum loan value of margin stock is:

  1. Currently 50 percent of the current market value
  2. Currently 70 percent of the current market value
  3. Subject to change by the Federal Reserve
  4. Subject to change by the Equity Reserve

Answer(s): A,C



Under collateral requirements-12CFR 221.7, maximum loan value of margin stock is:

  1. Currently 50 percent of the current market value
  2. Currently 70 percent of the current market value
  3. Subject to change by the Federal Reserve
  4. Subject to change by the Equity Reserve

Answer(s): A,C



Under collateral requirements-12CFR 221.7, maximum loan value of margin stock is:

  1. Currently 50 percent of the current market value
  2. Currently 70 percent of the current market value
  3. Subject to change by the Federal Reserve
  4. Subject to change by the Equity Reserve

Answer(s): A,C






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