A Limit Order

question 2

Multiple Choice

A limit order

• A) Is an order to trade up to a certain number of futures contracts at a certain price
• B) Is an order that can be executed at a specified price or one more favorable to the investor
• C) Is an order that must be executed within a specified period of time
• D) None of the above

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Definitions:

Minimum Stimulus Intensity

The lowest level of stimulus intensity that is noticeable by the sensory system.

Electromagnetic Wave Energy

A form of energy that is propagated through space or a physical medium in the form of electromagnetic waves, such as light or radio waves.

Sensation

The process by which sensory receptors perceive stimuli from the environment, leading to immediate and basic experiences.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.