In the Futures Market,the Instruction to a Futures Broker to Buy

question 37

Multiple Choice

In the futures market,the instruction to a futures broker to buy or sell at the current market price is a:

• A) call order.
• B) limit order.
• C) market order.
• D) phone order.

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Definitions:

One-tail Test

A statistical test where the alternative hypothesis specifies a direction of the tested effect.

Z-test

A statistical method employed to ascertain if there's a difference between the means of two populations when the variances are established and the sample size is significant.

Chi-square Goodness-of-fit

A statistical test that measures how well observed sample data fit the expected distribution from a given hypothesis.

Contingency Table

A type of table in a matrix format that displays the frequency distribution of the variables. It helps in analyzing the relationship between two categorical variables.