Started on Friday, 28 July 2023, 9:32 AM
State Finished
Completed on Friday, 28 July 2023, 9:53 AM
Time taken 21 mins 31 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which of the following statements about types of orders is least accurate?
a.
Market orders are orders to buy or sell at the best price available.
b. Limit orders are orders to buy or sell at or away from the market price.
c.
A stop buy order is typically used to protect a short position in a
security and is placed below the current market price.
d. A stop loss order is a conditional market order that directs the trade,
should the share price decline to a predetermined level.
Your answer is correct.
The correct answer is:
A stop buy order is typically used to protect a short position in a security and is
placed below the current market price.
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