Chapter 02 · Section 2.1

Short DM

Suppose you hear the following statement: "Victor is short 250,000 March Deutsche Marks" This statement means that:

a) Victor has bought DM 250,000 more than he has sold for delivery in March.
b) Victor has sold DM 250,000 more than he has bought for delivery in March.
c) Victor lost DM 250,000 in March.

(Click here for help)