INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-When you sell short,the proceeds of the sale will be [held until the sale is covered | given to you immediately after the sale].

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-When you sell short,the proceeds of the sale will be [held until the sale is covered | given to you immediately after the sale].

Quizplus · Accepted Answer

When you sell short, the proceeds of the sale will be held until the sale is covered. This means that you will not receive the funds immediately after the sale, but rather they will be held until you buy back the shares to return to the lender from whom you borrowed them.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which