Series 7  General Securities Representative Exam
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Jordan Fortin has an unrestricted long margin account at ABC Securities. If the value of Jordan's securities in the account increases by $8000, his SMA will
Increase by $4,000
A
Increase by $8,000
B
Decrease by $8,000
C
Decrease by $4,000
D
Explanations
In an unrestricted long margin account with Regulation T at 50 percent (which you have to assume for the Series 7 exam), the Special Memorandum Account equity will go up by 1/2 of the amount that the account value increases.
Pricing
Basic
Part of the questions for each course

 Course
 Questions

 SIE
 20 of 150

 Series 6
 30 of 500

 Series 7
 50 of 625