Which of the Following Statements Is True

Which of the following statements is true?

A) Holding less assets than liabilities in a given currency is referred to as a net short position.
B) Holding less assets than liabilities in a given currency is referred to a net long position.
C) Holding less assets than liabilities in a given currency is referred to as a gross short position.
D) Holding less assets than liabilities in a given currency is referred to as a gross long position.