Series 27 Practice Test 4

10 free Series 27 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

Series 27 Practice Test 4Tutor mode

Question 1 of 10

Net Capital

A basic-method carrying firm has net capital of $2,000,000. Its liabilities are customer free credit balances of $12,000,000, accounts payable of $1,000,000 and deferred tax liabilities of $1,000,000. Its reserve requirement is $9,000,000, and that amount is on deposit in its reserve bank account. What is its AI ratio?