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Ernest Was a Stockbroker in the United States in the 1920s

Question 28

Multiple Choice

Ernest was a stockbroker in the United States in the 1920s. He would buy stocks worth $5000 by investing $800 and taking a loan from a bank to make the rest of the payment. However, when his stock prices would plummet, he would repay the loan on demand by the bank. Which of the following types of loans does this scenario illustrate?


A) A syndicated loan
B) A call loan
C) A leveraged loan
D) A payday loan
E) A title loan

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