Which of the following is an order to sell a stock when the market price drops to or below a specified level?
A)Market order
B)Limit order
C)Stop-loss order
D)Fill or kill order
E)Day order

Question

Quizplus · Accepted Answer

A stop-loss order is used to sell a stock when the market price drops to or below a specified level in order to limit potential losses. A market order does not specify a price and will execute at the best available price, which may not be favorable in a fast-moving market. A limit order specifies a maximum price for a buy order or a minimum price for a sell order. A fill or kill order is used to buy or sell a stock immediately and completely or not at all, and a day order is only valid for the current trading day.

Which of the Following Is an Order to Sell a Stock