SIE practice questionhardOrder Types
Which order type can be both triggered and then not executed if the market moves past the limit price without trading within the limit range?
- AStop order
- BStop-limit order✓ Correct answer
- CLimit order
- DMarket order
Explanation
Why B — Stop-limit order
A stop-limit order triggers at the stop price but only executes within the limit price. If the bid/ask skips over the range, the order may never execute. Stop orders become markets; limit and market orders don't have trigger conditions.
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