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LOS a: Compare and contrast market orders to limit orders including the price and execution uncertainty of each.
Q1. In which of the following markets would the calculation of market impact costs be inappropriate?
A) Electronic crossing networks.
B) Auction markets.
C) Electronic limit-order markets.
Q2. A trader submits a buy order that specifies that the trade must be executed at $40 by the end of the day. The execution price is $39.88. What type of order has the trader executed?
A) A limit order.
B) A market order.
C) A principal order.
Q3. A limit order has:
A) execution uncertainty but not price uncertainty.
B) both price uncertainty and execution uncertainty.
C) price uncertainty but not execution uncertainty.
Q4. A market order has:
A) price uncertainty but not execution uncertainty.
B) both price uncertainty and execution uncertainty.
C) execution uncertainty but not price uncertainty. | 
发表于 2009-4-10 11:19
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