You specify that your trade is to be made only at a certain price or better.You are placing a(n)
A)stop order.
B)limit order.
C)market order.
D)open order.
E)closed order.

Question

Quizplus · Accepted Answer

A limit order specifies the exact price at which you want to buy or sell a security. So, if you want to buy a stock at a certain price or better, you would use a buy limit order. If you want to sell a stock at a certain price or better, you would use a sell limit order. This type of order helps you to control the specific price at which your trade will execute.

You Specify That Your Trade Is to Be Made Only