Finra Exam Series-7 Topic 3 Question 42 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 42
Topic #: 3

Bubba's margin account has securities valued at $20,000 and an $8,000 credit balance.

What is the equity in Bubba's account?

A$8,080

B$12,800

C$20,000

D$28,000

Show Suggested Answer

Suggested Answer: D

$28,000. The equity is the market value plus the credit balance.

by Kasandra at May 03, 2022, 04:16 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!