Series 9/10 Practice Test 13

10 free Series 9/10 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

Series 9/10 Practice Test 13Tutor mode

Question 1 of 10

Series 10: Supervise the Opening and Maintenance of Customer Accounts

A margin principal at Alcott Securities reviews the long margin account of Bianca Ferrell after a market rise. No trades, deposits or withdrawals occurred. Based on the table, what is the SMA balance after the rise?

Margin account of Bianca Ferrell
ItemBefore riseAfter rise
Long market value$40,000$50,000
Debit balance$16,000$16,000
SMA$4,000?