A Limit Order

question 68

Multiple Choice

A limit order

• A)is an instruction from a customer to a broker to buy or sell in at a particular price (or better).
• B)can be a "day order"-that is the order is cancelled if not executed during that day's trading.
• C)can be "good till cancelled".
• D)all of the above

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Definitions:

Constitution

The supreme law of the United States, establishing the framework of the national government, its powers, and the rights of its citizens.

Grandfather Clause

A legal or policy provision that allows certain individuals or activities to continue under old rules while new rules apply to all future cases, often used to exempt some people from new regulations.

Literacy Tests

Historically used in the United States as a means to disenfranchise racial minorities, particularly African Americans, under the guise of assessing eligibility to vote.

Disfranchised

Disfranchised refers to individuals who have been deprived of the right to vote or other rights of citizenship.