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1)Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm has designated as option-eligible (ie. allows for maximum

1)Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm has designated as "option-eligible" (ie. allows for maximum loan amount). Assume that the value of the security later rises to $25 per share. if Ulysses had exactly enough money in his account when the security was at $22 per share, what would Ulysses' margin account deficit or surplus be at the new increased share value of $25 per share? A) $750 deficit B) $1,050 surplus C) $1,225 deficit D)$1,500 surplus 2) You examined the financial details for the Canadian government during the month of December 2019 and you find that the government spent $40 billion on goods and services, made transfer payments to the provinces equal to $10 Billion and received $35 Billion in revenue from taxation. Based on these accounting entries, the national debts has done what, during December A)Fallen by $5 Billion B) Fallen by $15 Billion C)Increased by $5 Billion D)Increased by $15 Billion

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