A Market Order

question 97

Multiple Choice

A market order

• A)is an instruction from a customer to a broker to buy or sell at the best price available when the order is received (immediately).
• B)is an instruction from a customer to a broker to buy or sell in a particular market (e.g.,NYSE).
• C)is always and everywhere "fill-or-kill."
• D)is always and everywhere "good-till-cancelled."

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Definitions:

Chosen Separately

Indicates a selection process where decisions or selections are made independently of one another, often referring to how certain officials or elements within a system are selected without direct influence from others.

Bill Becomes Law

The process through which a proposed legislation, after being passed by both legislative houses and approved by the president or an equivalent authority, becomes legally effective.

President's Signature

The act of a president signing a document, often legislation passed by Congress, which then becomes law or an executive order put into immediate effect.

Veto

The power of a president, governor, or other elected executive to refuse approval of legislation, thereby preventing its enactment into law.