Liorit has been monitoring a specific stock for the past month. He calls his broker and tells him to buy 20 shares when he feels the price is most optimum. This can be best described as a ________ order.
A) market
B) discount
C) discretionary
D) limit
E) speculative

Question

Quizplus · Accepted Answer

A discretionary order allows the broker to buy or sell shares at the best possible price when they feel the time is right, which matches the scenario described.

Liorit Has Been Monitoring a Specific Stock for the Past