An order for the purchase of securities at a fixed price is known as
A)Limit order
B)Open order
C)Discretionary order
D)Stop loss order

Name: An order for the purchase of securities at a fixed price is known as A)Limit order B)Open order C)Discretionary order D)Stop loss order
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

A limit order is an order to buy or sell a security at a specific price or better. This means the order will only be executed if the market price meets or exceeds the limit price set by the investor.

An Order for the Purchase of Securities at a Fixed