When a stop-loss/profit order is taken, the rate specified in the order:
A) must be transacted regardless of where the market moved
B) must be transacted if a broker confirms that the specified rate was reached
C) cannot be taken as a fixed-price guarantee unless agreed in writing
D) will always be the stop loss rate, if the order is executed

Question

Quizplus · Accepted Answer

A stop-loss/profit order does not guarantee a fixed price unless explicitly agreed upon in writing, as market conditions can cause slippage.

When a Stop-Loss/profit Order Is Taken, the Rate Specified in the Order