Which of the Following Statements Is True

question 64

Multiple Choice

Which of the following statements is true?

• A)Holding less assets than liabilities in a given currency is referred to as a net short position.
• B)Holding less assets than liabilities in a given currency is referred to a net long position.
• C)Holding less assets than liabilities in a given currency is referred to as a gross short position.
• D)Holding less assets than liabilities in a given currency is referred to as a gross long position.

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Definitions:

Grease Payments

Small sums of money given to minor officials to expedite or ensure the performance of routine or necessary actions.

Cease and Desist Orders

Legal orders issued by a government agency or court directing a person or entity to stop engaging in a certain activity or behavior.

Administrative Law Judge

An official who presides over hearings and disputes involving government agencies, making decisions based on administrative law.

Commissioners of the SEC

The heads of the U.S. Securities and Exchange Commission (SEC), responsible for enforcing federal securities laws, regulating the securities industry, the nation's stock and options exchanges, and other related functions.