A Round Lot Consists of

question 119

Multiple Choice

A round lot consists of

• A) 1 share.
• B) 10 shares.
• C) 100 shares.
• D) 1,000 shares.

---

Definitions:

Accounts Payable Period

This is the average number of days it takes for a business to pay its invoices from suppliers and vendors, indicating the efficiency of its payables management.

Letter Of Credit

A financial document issued by a bank guaranteeing a buyer's payment to a seller within a specified timeframe.

Written Statement

A document that records the details of a declaration or an agreement in writing.