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Faith Placed an Order to Sell 7,500 Shares of Stock

question 37

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Faith placed an order to sell 7,500 shares of stock she currently owned.As soon as the order reached the trading floor,the shares were immediately sold.Which type of order did Faith place?


Definitions:

Exchange Rate

The value at which one currency can be exchanged for another in the foreign exchange market, affecting international trade and investments.

Pound

The pound is a unit of currency used in the United Kingdom and other territories, symbolized as £.

Dollar

A widely used unit of currency, notably in the United States, representing the medium of exchange within its economy.

Dollar Price

The cost of a good or service expressed in terms of the amount of U.S. dollars needed to purchase it.

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