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Cliff places an order to sell 500 shares of the stock of Gap, Inc. (GPS) via his broker's website. Cliff does
not currently own any shares of GPS. This order is:
A. indicating that Cliff expects the price of Gap, Inc. to rise.
B. illegal, and the broker's website will reject it.
C. referred to as a short sale.
D. an example of a stop loss order.
Answer: C
Explanation:
When Cliff places an order to sell shares of GPS, a stock he doesn't own, on his broker's
website, it is referred to as a short sale. A short sale is defined as the sale of borrowed stock and is placed
by an investor who expects the price of that stock to fall in the near future, at which point the investor will
buy it back at a lower price and return it, profiting from the price differential.
A certificate authority is generally responsible for
A. signing certificates that bind a public key to authenticate identity information about the
key holder
B. receiving notifications about the loss of private keys
C. authenticating the identity of an entity requesting a certificate
D. publishing information about revoked certificates
Answer: A,B,C,D
A. Option E
B. Option D
C. Option A
D. Option B
E. Option C
F. Option F
Answer: C,D
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