Which of the following requires a relatively large minimum investment,usually $100,000 or higher?
A)a cash account
B)an asset management account
C)a margin account
D)a wrap account at a large brokerage firm

Question

Quizplus · Accepted Answer

A wrap account at a large brokerage firm typically requires a minimum investment of $100,000 or higher. Cash accounts, asset management accounts, and margin accounts may have lower minimum investment requirements.

Which of the Following Requires a Relatively Large Minimum Investment,usually