An order to purchase stock that can be executed only at a specified price or better is called a:

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A limit order is an order to buy or sell a stock at a specific price or better. This means that the order can only be executed if the market price reaches or exceeds the specified limit price. This type of order allows investors to have more control over the price at which their trades are executed. Market orders (A) are executed immediately at the best available market price, while stop orders (C) are triggered when the market price reaches a certain level and are used to limit losses or protect profits. Private orders (D) are not a recognized type of stock order.

An Order to Purchase Stock That Can Be Executed Only