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:

b) Victor has sold DM 250,000 more than he has bought for delivery in March.
Yes. The word "short" illustrates liability. Victor has sold DM 250,000 to be delivered and paid for in March. Continue
c) Victor lost DM 250,000 in March.