A stop order that designates a price limit is a:
A) Stop order.
B) Limit order.
C) Stop-limit order.
D) Market-if-touched order.
E) None of the above.

Question

Quizplus · Accepted Answer

A stop-limit order is a type of order that combines the features of a stop order and a limit order. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.

A Stop Order That Designates a Price Limit Is A