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Basic Question 1 of 13
What order instructions indicate when to fill an order?
B. Validity instructions
C. Clearing instructions
A. Execution instructions
B. Validity instructions
C. Clearing instructions
User Contributed Comments 3
| User | Comment |
|---|---|
| guida | why validity instructions? |
| dipu617 | Execution instructions for - how to fill. Validity instructions for - when to fill. Clearing instructions for - how to settle the final settlement. |
| ascruggs92 | Why? Because it says so in the notes. Take 5 seconds to look at the reading and you'll see how easy it is to find it |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
compare execution, validity, and clearing instructions
compare market orders with limit orders
CFA® 2024 Level I Curriculum, Volume 3, Module 1.