Which order is executed if and when the specified price or better is reached and all other previously received orders have been fulfilled?
A)Market
B)Limit
C)Stop
D)Round
E)Discretionary

Question

Quizplus · Accepted Answer

Limit orders are executed at the specified price or better once all previously received orders have been fulfilled. They allow traders to specify the maximum or minimum price at which they are willing to buy or sell, ensuring more control over the execution price.

Which Order Is Executed If and When the Specified Price