Q:
A
brokerage customer has $10,000 in securities and a credit
balance of $4,000. What is the equity in the person's
account?
a) $4,000
b) $6,000
c) $10,000
d) $14,000
e) none of the above
A:

The
correct answer is d

The market value of the person's equity is equal to
the market value of the securities plus the credit
balance.

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