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Which of the following is NOT true regarding unsettled funds: Borrowings are determined based upon settled funds. The timeframe by which payment ( settlement )
Which of the following is NOT true regarding unsettled funds:
Borrowings are determined based upon settled funds.
The timeframe by which payment settlement is due or received for a given transaction is product specific.
Unsettled funds are used for the purpose of determining whether a margin loan exists.
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