Which of the Following Is Correct Concerning Short Sales of Stock

question 34

Multiple Choice

Which of the following is correct concerning short sales of stock?

• A) At the time the short sale is made, the taxpayer does not deliver to the purchaser the shares sold short.
• B) At the time the short sale is made, the taxpayer delivers to the purchaser the shares sold short.
• C) At the time the short sale is made, the taxpayer may already own the shares sold short.
• D) At the time the short sale is made, the taxpayer always already owns the shares sold short.
• E) None of the above.

---

Definitions:

Rational-Emotive Behavior Therapy

A form of psychotherapy that identifies irrational beliefs, challenges them, and encourages the adoption of healthier, more rational thought patterns.

Albert Ellis

An American psychologist who developed Rational Emotive Behavior Therapy (REBT), a form of psychotherapy that emphasizes changing irrational beliefs to overcome emotional and behavioral issues.

Cognitive Therapy

A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

Psychodynamic Therapist

A mental health professional who applies psychodynamic theories to understand and treat psychological disorders, focusing on unconscious processes.