Question #1 of 3
Question ID: 1235086
Which of the following statements best characterizes a limit order? A limit order has:
A) reduced price uncertainty but retains execution uncertainty.
B) price uncertainty but not execution uncertainty.
C) price uncertainty and execution uncertainty.
Question #2 of 3
Question ID: 1235085
A trader submits a buy order that speci es that the trade must be executed at $40 by the
end of the day. The execution price is $39.88. What type of order has the trader executed?
A) A principal order.
B) A market order.
C) A limit order.
Question #3 of 3
Which of the following is least accurate regarding VWAP? VWAP:
A) does not account for market movements or trade volume.
B) does not evaluate delayed or un lled orders.
C) is applicable to small and large trades.
Question ID: 1235084