A Fill- Or- Kill Order Will Be

question 33

Multiple Choice

A fill- or- kill order will be

• A) in effect until cancelled by the customer who placed the order.
• B) executed immediately upon order arrival on the floor of the exchange.
• C) cancelled at the end of the trading day if not executed by that time.
• D) cancelled if not immediately executed at the stated price or better.

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Definitions:

Useful Life

The expected period of time during which an asset is useful to the average owner and can generate income or benefits.

Capital Fund

Resources accumulated by an entity to finance long-term projects or investment, not intended for regular operational expenses.

General Fund

The primary operating fund of a governmental entity, covering most basic governmental functions and activities.

Endowment Fund

A financial asset donation made to an institution that uses the resulting investment income for a specific purpose.