SIE practice questionmediumOrder Types
Which order executes only if the stock can be bought at or below a certain price?
- ABuy stop order
- BBuy limit order✓ Correct answer
- CMarket order
- DSell limit order
Explanation
Why B — Buy limit order
A buy limit order specifies the maximum price the investor will pay. Buy stop orders trigger at a specified price but may execute higher. Market orders have no price restriction.
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