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

question 22

Multiple Choice

In the futures market,an instruction to a futures broker to buy or sell up to a specified price and within a specified time is a:

• A) market order.
• B) margin order.
• C) limit order.
• D) liquid order.

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Definitions:

Gold Star

Often used to denote excellence or high achievement, originally in educational settings to reward good work but also used metaphorically in various contexts.

Clean Room

An environment, typically used in manufacturing or scientific research, that has a low level of environmental pollutants such as dust, airborne microbes, aerosol particles, and chemical vapors.

Primary Punisher

A stimulus that is inherently punishing; an example is electric shock.

Secondary Punisher

A stimulus that becomes punishing because it is associated with a primary punisher.