If You Place an Order to Buy or Sell a Share

question 41

Multiple Choice

If you place an order to buy or sell a share of a mutual fund during the trading day, the order will be executed at ________.

• A) the NAV calculated at the market close at 4 pm New York time
• B) the real time NAV
• C) the NAV delayed 15 minutes
• D) the NAV calculated at the opening of the next day's trading

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Definitions:

Manufacturers

Manufacturers are entities engaged in the industrial production of goods from raw materials through the use of machinery and labor.

Market

A place or mechanism where buyers and sellers converge to trade goods, services, or resources.

Production Possibility Frontier

A curve representing the maximum combinations of goods or services that can be produced with limited resources.

Bowed Out

A description usually of production possibilities frontier that shows increasing opportunity costs.