Victoria places a limit order at $48 and the stock currently sells for $61 per share, the broker will buy the stock for her.

Name: Victoria places a limit order at $48 and the stock currently sells for $61 per share, the broker will buy the stock for her.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A limit order tells the broker to buy or to sell stock at a specific price, if and when that price becomes possible. If the price is not achieved, no transaction will take place.

Victoria Places a Limit Order at $48 and the Stock