FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 14 Topic 2 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 14 Topic 2 Discussion

Series-7 Exam Topic 2 Question 14 Discussion:
Question #: 14
Topic #: 2

Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and SMA of $500.

What is the equity in Bubba’s account?


A.

$500


B.

$20,000


C.

$20,500


D.

$37,000


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