A speculator engages in a short position by initially selling a currency (that she does not own) at a high price,then buying it back later at a low price.

Name: A speculator engages in a short position by initially selling a currency (that she does not own) at a high price,then buying it back later at a low price.
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Question

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This is correct. In a short position, the speculator sells a currency that they do not own at a high price, hoping to buy it back later at a lower price, making a profit on the difference.

A Speculator Engages in a Short Position by Initially Selling