SIE Exam Question 468: Answer and Explanation

Question: 468

Which of the following is NOT a type of order?

I. Best efforts.

II. Mini/maxi.

III. Fill or kill.

IV. All or none.

• A. I and II.
• B. III and IV.
• C. II and IV.
• D. I and IV.

Correct Answer: A

Explanation:

A: Mini/maxi and best eff orts are types of underwriting commitments, not types of orders.