Requests by customers to purchase or sell securities at a specified price or better are called ____ orders.
A)market
B)limit
C)stop-loss
D)specialist
E)none of the above

Question

Quizplus · Accepted Answer

Limit orders are requests by customers to purchase or sell securities at a specified price or better. Market orders are requests to buy or sell securities at the current market price, while stop-loss orders are an automatic sell order that is triggered when a stock reaches a specified price. Specialist is a term used to refer to a person or firm that specializes in trading a particular type of security on behalf of clients.

Requests by Customers to Purchase or Sell Securities at a Specified