Which One of the Following Statements About Limit Orders Is

question 101

Multiple Choice

Which one of the following statements about limit orders is correct?

• A) The execution of the trade will occur prior to the close of trading on the day the trade is placed.
• B) The execution will occur at the regular open on the day following the day the trade is placed.
• C) The trade may be executed only at the limit price or better at any time prior to expiration or cancellation of the order.
• D) The trade will be executed at the market price at the end of the third business day, if not executed previously at the limit price.

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Definitions:

Femoral

Relating to the femur or thigh, which is the longest and strongest bone in the body.

Gastrocnemius Muscle

A major calf muscle that participates in walking, running, and jumping by flexing the foot at the ankle.

Tibial

Relating to the tibia, the larger and stronger of the two bones in the lower leg.

Common Fibular (Peroneal)

Referring to the nerve that wraps around the fibula bone and controls muscles on the anterior and lateral parts of the lower leg.