SIE practice questionmediumOrder Types in Retirement Accounts
Which order types can be placed in a retirement account such as an IRA?
- AOnly covered call orders
- BOnly market orders
- CMarket, limit, and stop orders✓ Correct answer
- DNo orders beyond buying mutual funds
Explanation
Why C — Market, limit, and stop orders
Customer-directed retirement accounts allow standard order types. Restrictions may exist on options, but market, limit, and stop orders are generally available.
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