A limit order is best describes as an order:
A)to buy at a specific price or lower
B)to sell at a specific price or higher
C)to be executed at a specific price or better
D)that is in effect for only one day

Question

Quizplus · Accepted Answer

to be executed at a specific price or better. Choice A is only a buy limit order and choice B is only a sell limit order. Choice C is the correct definition of a "limit order".

A Limit Order Is Best Describes as an Order