How leverage works (MODUL 5-11)

The correct answer is C.

The formula for calculating the security deposit required is the current price of the base currency times the transaction size times the security deposit percentage. In this case, the price of the base currency is $.7707. The transaction size is 1,250,000 and the security deposit percentage is 1%.

7707 X 1,250,000 X .01 = 9,634 US dollars

Posted by fuchjarstrike at 3:49 PM
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