Series 7 - General Securities Representative Exam

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In a Long Margin Account, the debit balance is $35,000. The long market value is $70,000. What is the Equity?

$17,500
A
$70,000
B
$35,000
C
$105,000
D

Explanations

Remember the formula, LMV - DR = EQ. The Equity is $35,000

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