Instructing your broker to buy a stock at a specified or lower price is a
A)limit order.
B)market order.
C)margin order.
D)regular order.
E)stop order.

Question

Quizplus · Accepted Answer

A limit order is an instruction to a broker to buy a stock at a specified or lower price. It is designed to ensure that an investor does not pay more than a certain price to buy a stock. In contrast, a market order is an instruction to a broker to buy a stock at the best available price. Margin orders involve borrowing money, while regular orders and stop orders are not relevant to this context. Therefore, the best choice is A) limit order.

Instructing Your Broker to Buy a Stock at a Specified