SIE Exam Prep 2024-2025: +699 Practice Questions and Answers with Detailed Explanations for FINRA Exam by Kendrick Lincoln

Author:Kendrick, Lincoln
Language: eng
Format: epub
Published: 2024-01-26T00:00:00+00:00

21. Fill or kill (FOK) orders require that:

A) The order be executed immediately in its entirety or not at all

B) The order be partially filled

C) The order remains active until the end of the trading day

D) The order be executed over several days

22. Which of the following is true about market orders?

A) They are always executed at the bid price for buys and the ask price for sells

B) They offer the best protection against price volatility

C) They ensure execution but not a specific price

D) They are used to guarantee price rather than execution

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