In the futures market,an instruction to a futures broker to buy or sell up to a specified price and within a specified time is a:
A) market order.
B) margin order.
C) limit order.
D) liquid order.

Question

Quizplus · Accepted Answer

A limit order is an instruction to a futures broker to buy or sell up to a specified price and within a specified time. The order will only be executed if the market reaches the specified price. This allows traders to control the price they enter or exit the market, providing more control over their trading strategies. A market order is an instruction to buy or sell immediately at the current market price, while a margin order involves borrowing funds from a broker to open a position in the market. A liquid order is not a commonly used term in the futures market.

In the Futures Market,an Instruction to a Futures Broker to Buy