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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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