A(n)________ order is an order to sell if the price drops below a specified level or buy if the price climbs above a specified level.
A)good-till-cancelled
B)stop
C)limit
D)market
E)open

Question

Quizplus · Accepted Answer

A stop order is designed to limit an investor's loss on a position in a security. It becomes active only when the security price reaches a specified level, prompting a buy or sell order (stop-buy or stop-sell) at that point.

A(n)________ Order Is an Order to Sell If the Price