An investor places a ________ order with a broker to buy a particular stock at a specific price, if and when that price becomes available.

Question

Quizplus · Accepted Answer

A limit order is an order to buy or sell a stock at a specific price or better. In this case, the investor is placing a limit order to buy a particular stock at a specific price if and when that price becomes available. This allows the investor to specify the maximum price they are willing to pay for the stock, providing a level of control over the purchase price. The other options (A, B, and C) do not accurately describe this type of order.

An Investor Places a ________ Order with a Broker to Buy