Binance Margin Quiz Answers


Binance Margin Quiz Answers 2022

Q1. Binance Margin includes cross margin and isolated margin. Which one of the following sentences does not describe their difference?

A. They have different interest rates

Q2. Margin level is used to evaluate the risk level of your margin account. How is margin level calculated?

A. Margin level = total assets value/(total borrowed value + total accrued interest value)

Q3. Which one of the following events will force you to liquidate?

A. The margin level has reached the liquidation level

Q4. How often is margin interest calculated?

Hourly, at the time of borrowing

Q5. Do you need to borrow manually before trading?

A. No, you can use the “auto borrow” function on the trading page.

Q6. Which one of the following factors does not affect your maximum borrowing limit?

A. The borrowing period

Q7. Which one of the following sentences is correct regarding your borrowing interest rate?

A. The borrowing interest rate will change with the market, and the system will notify you when it changes

Q8. In the event of liquidation, how to repay your debts?

A. Binance insurance funds will write off your debts

Q9. How to pay the interest fee with BNB in cross margin?

A. Transfer BNB to cross margin account and repay manually

Q10. When you receive a margin call notification, what should you do?

A. Reduce your position to repay the debt or add more collateral into the margin account.

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