A ________ is an order that specifies a securities trade is to be made only at a certain price or better.
A)day order
B)market order
C)limit order
D)GTC order
E)none of the above

Question

Quizplus · Accepted Answer

A limit order is an order that specifies a securities trade is to be made only at a certain price or better. It allows the trader to effectively control the price they pay or receive for a security. Day orders only last for the trading day, GTC (Good 'Til Cancelled) orders remain active until executed or canceled, and a market order is an order to buy or sell a security at the prevailing market price.

A ________ Is an Order That Specifies a Securities Trade