Which of the following orders instructs the broker to sell at or below a specified price?
A)Limit-sell order
B)Stop-loss
C)Limit-buy order
D)Stop-buy order

Question

Quizplus · Accepted Answer

A stop-loss order instructs the broker to sell a security if it reaches a certain price point, which can help limit losses in case the price drops. The instruction is to sell at or below a specified price (the stop price), hence it is the correct choice. A limit-sell order is an instruction to sell at a specific price or higher, while a limit-buy order is an instruction to buy at a specific price or lower. A stop-buy order is an instruction to buy when the price reaches or goes above a certain point.

Which of the Following Orders Instructs the Broker to Sell