In the late 1920s,you could buy $5,000 worth of stock by putting down as little as

A) $100
B) $200
C) $500
D) $1,000
E) $2,500

Question

In the late 1920s,you could buy $5,000 worth of stock by putting down as little as A)$100 B)$200 C)$500 D)$1,000 E)$2,500

Surala Friedman · Accepted Answer

Final Answer : C, Explanation :  During the late 1920s, the practice of buying on margin allowed investors to purchase $5,000 worth of stock with as little as $500 down, which was only 10% of the stock's value. This contributed to the stock market bubble that preceded the Great Depression.

In the late 1920s,you could buy $5,000 worth of stock by putting down as little as

A) $100
B) $200
C) $500
D) $1,000
E) $2,500

Definitions

Learning Objectives

Learning Objectives

Related questions

In the late 1920s,you could buy $5,000 worth of stock by putting down as little asA) $100B) $200C) $500D) $1,000E) $2,500

Definitions

Learning Objectives

Learning Objectives

Related questions

In the late 1920s,you could buy $5,000 worth of stock by putting down as little as

A) $100
B) $200
C) $500
D) $1,000
E) $2,500