You are engaging in a ______ if you initially sell a currency (that you do not own) at a high price,then buy it back later on at a low price.
A) discount position
B) premium position
C) short position
D) long position

Question

Quizplus · Accepted Answer

This is a short position, as the individual is selling a currency they do not own in the hopes of making a profit by buying it back at a lower price. This is a common strategy in the foreign exchange market known as short selling.

You Are Engaging in a ______ If You Initially Sell