n NISM Certifications
VII NISM Series VII
Medium

Calculation of Mean Impact Cost involves taking ______ snapshots in a day from the order book over the past six months.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Three

  2. Four

    Correct answer

  3. C

    Five

  4. D

    Six

Why this is the answer

Mean impact cost, representing the cost of executing a transaction due to order size, is calculated using four daily snapshots from the order book over the past six months.

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