Which one of the following statements regarding orders is false?
A) A market order is simply an order to buy or sell a stock immediately at the prevailing market price.
B) A limit sell order is where investors specify prices at which they are willing to sell a security.
C) If stock ABC is selling at $50,a limit-buy order may instruct the broker to buy the stock if and when the share price falls below $45.
D) A day order expires at the close of the trading day.
E) None of these.
Correct Answer:
Verified
Q5: Investment bankers
A) act as intermediaries between issuers
Q6: A purchase of a new issue of
Q7: You purchased 100 shares of ABC common
Q8: Initial margin requirements are determined by
A) the
Q9: You purchased XYZ stock at $50 per
Q11: Assume you purchased 100 shares of common
Q12: You sold short 200 shares of common
Q13: You purchased 100 shares of common stock
Q14: Restrictions on trading involving insider information apply
Q15: Which of the following statement(s)is(are)true?
A) Option volume
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