A Day Order to Sell at a Limit of $32

question 68

Multiple Choice

A day order to sell at a limit of $32 will be:

• A)executed at the next available price once a trade occurs at the limit price.
• B)cancelled at the end of the day if not executed.
• C)executed only if the purchase price is less than the limit amount.
• D)executed at the end-of-day price if $32 has not been obtained.
• E)transferred to a market order on the following day if not executed at the limit price.

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Definitions:

Exclusionary Rule

A legal principle in the United States that prohibits evidence obtained in violation of a person's constitutional rights from being used in a court of law.

Unconstitutional Search

A search conducted by authorities without a warrant or probable cause, violating the Fourth Amendment rights against unreasonable searches and seizures.

Evidence

Information, records, or material presented in court to prove or disprove facts in a legal case.

Miranda Warnings

Statements that police must provide to a suspect in custody before interrogation, informing them of their rights to remain silent and to have an attorney.