Series 7 practice questionmediumMargin Accounts 8
For an existing short equity position with current market value of $6,000, the FINRA maintenance equity requirement is generally:
- A$1,500
- B$3,000
- C$1,800✓ Correct answer
- D$9,000
Explanation
Why C — $1,800
FINRA maintenance for most short equity positions is 30% of the current market value. Thirty percent of $6,000 equals $1,800.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 758+ Series 7 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Spot an error in this question or explanation? Tell us — we fix these fast.
Related Investment Information & Recommendations questions
- For an existing short equity position with current market value of $10,000, the FINRA maintenance equity requirement is…
- What is the minimum maintenance equity in a long margin account with securities worth $9,500?
- For a short sale with current market value of $8,000, the minimum equity requirement is generally:
- A customer buys stock on margin for $9,000 and deposits 50%. If the market value later falls to $8,500, the customer’s…
- For a short sale with current market value of $6,000, the minimum equity requirement is generally:
- A customer buys $8,000 of stock in a new margin account. Under Regulation T, the initial deposit requirement is:
- For a short sale with current market value of $10,000, the minimum equity requirement is generally:
- For an existing short equity position with current market value of $8,000, the FINRA maintenance equity requirement is…