________ sets a price ceiling when buying;if the order cannot be executed when it is placed,the order is left with the exchange's market maker.It may be filled later if the price limits are met.
A)Limit order
B)Market order
C)Secured order
D)Fast order

Question

Quizplus · Accepted Answer

A limit order sets a specific price at which the buyer is willing to purchase a security. If the price limit is not met at the time the order is placed, the order is held by the exchange's market maker and may be filled later if the price limit is met. This is in contrast to a market order, which executes immediately at the current market price without any price limits. Secured order and Fast order are not common terms used in the context of trading on an exchange.

________ Sets a Price Ceiling When Buying;if the Order Cannot