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A broker-dealer headquartered in Florida has a Net Capital requirement of $50,000. The firm has an office in Georgia, where the Net Capital requirement is $25,000 and an office in Tennessee where the Net Capital requirement is $35,000.
Under Uniform State Law, the Net Capital requirement for this broker-dealer is:

A. $25,000
B. $35,000
C. $50,000
D. $110,000

Respuesta :

sholanejo

Answer: The net capital requirement for the broker-dealer is $50,000.

Explanation: Net capital is the gross worth minus the operating expenses and taxes of a business.

The net capital is $50,000 because net capital are calculated based on individual states. It is not calculated relatively to another state. IT is based on the broker-dealer's principal State where it operates

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