Series 3 Practice Test 4

10 free Series 3 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

Series 3 Practice Test 4Tutor mode

Question 1 of 10

Market Knowledge

A customer sells 3 gold futures (100 troy ounces each) at $2,380.00/oz. Initial margin is $9,000 per contract and maintenance margin is $8,000 per contract. At the close the contract settles at $2,350.00. How much may the customer withdraw from the account?