Chapter 02 · Section 2.1

Long DM

Now look at the opposite case: "Victor is long 250,000 March Deutsche Marks" What is the meaning of this statement?

a) Victor will have to take delivery and pay for DM 250,000 in March.
b) Victor must deliver DM 250,000 in March.
c) Victor must sell DM 250,000 before March.
d) Victor must buy DM 250,000 before March.

(Click here for help)