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FINRA Securities Industry Essentials Exam (SIE) SIE Question # 45 Topic 5 Discussion

FINRA Securities Industry Essentials Exam (SIE) SIE Question # 45 Topic 5 Discussion

SIE Exam Topic 5 Question 45 Discussion:
Question #: 45
Topic #: 5

Which of the following responses best describes a short sale?


A.

A sale of securities that results in a loss


B.

A sale of securities that the investor does not own


C.

A sale of securities that results in an unsecured debit balance in the investor's account


D.

A sale of securities that the investor had purchased in his cash account but had not yet paid for


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