Which of the following statements regarding financing bond purchases with margin accounts is FALSE()
A. The required margin percentage changes daily.
B. Individuals are more likely than institutions to use margin accounts to finance bond purchases.
C. In the U. S. , margin accounts are regulated by the Federal Reserve.
参考答案:A
解析:
The margin percentage is fixed by contract. The required margin dollars may vary from day to day due to fluctuations in the underlying collateral.