CFA Practice Question
The time limit on short sales is ______.
B. 180 days
C. 365 days
D. There is no time limit.
A. 90 days
B. 180 days
C. 365 days
D. There is no time limit.
Correct Answer: D
Short sales need to be closed out by the investor except in specific circumstances when the broker can close out the position. They are not triggered by time limits.
User Contributed Comments 2
| User | Comment |
|---|---|
| johntan1979 | But there's always a time limit for everything... no one lives forever... except the Highlander :p |
| leuping | Johnny is lengendary |