An investor who uses a limit order instructs his brokerage firm to buy a limited quantity of shares at the best available price.

Name: An investor who uses a limit order instructs his brokerage firm to buy a limited quantity of shares at the best available price.
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Question

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A limit order instructs the brokerage to buy or sell a stock at a specific price or better, not at the best available price, which would be a market order.

An Investor Who Uses a Limit Order Instructs His Brokerage