An order to buy and sell only at a particular price or better is called a(n) ___________ order.

Question

Quizplus · Accepted Answer

A limit order specifies a particular price or better at which the trade should be executed. This ensures that the trade will only be executed at a desirable price, preventing the trader from overpaying or selling too cheaply. Stop orders are executed when a certain price threshold is reached, while market orders are executed at the current market price. Broker and transfer are not relevant to this context.

An Order to Buy and Sell Only at a Particular