Which of the following is true about traveler's checks?
A) A traveler's check becomes negotiable upon the first signature by the purchaser.
B) The traveler usually signs the check only once.
C) Traveler's checks are issued without a named payee.
D) The amount of the check is usually filled out by the traveler at the time of use.
E) The traveler is the drawer.
C
Business
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A short position refers to
A) inadequate margin in a margin account. B) securities you have sold but do not own. C) an order to sell stock at a price below its current market price. D) securities you purchased but have not yet taken delivery of the shares.
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