The ________ is a conditional order and is executed only if the limit price or a better price can be obtained. Another type of conditional order is the ________, which specifies that the order is not to be executed until the market moves to a designated price, at which time it becomes a ________.

Question

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A limit order is a conditional order that is executed only if the limit price or a better price can be obtained. A stop order is a conditional order that specifies that the order is not to be executed until the market moves to a designated price, at which time it becomes a market order. Therefore, the correct sequence is limit order (which is a conditional order) followed by stop order (which is another type of conditional order) and finally, a market order (which is executed immediately at the best available price).

The ________ Is a Conditional Order and Is Executed Only