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Scott Just Called His Broker to Place an Order to Buy

Question 136

Multiple Choice

Scott just called his broker to place an order to buy 200 shares of IBM at the best price the broker could get. Which of the terms below describe his order?


A) Stop order, round lot
B) Round lot, limit order
C) Limit order, odd lot
D) Odd lot, stop order
E) Market order, round lot

Correct Answer:

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