Which of the Following Best Describes a Limit Order

question 49

Multiple Choice

Which of the following best describes a limit order?

• A)An order to buy or sell shares at the prevailing market price
• B)An order to buy shares directly from the issuing company
• C)An order to buy or sell shares at a specified price
• D)An order to buy or sell shares off- market

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Definitions:

Units Of Y

A generic term for the measurement used to quantify the output in a given economic or mathematical model.

Utility Function

An economic model that describes how consumers rank different bundles of goods according to the levels of satisfaction or utility those bundles provide.

Horizontal Axis

In a graph or chart, the horizontal line along which the values of one variable are plotted or measured.

Vertical Axis

In graphing data, this is the y-axis, which is typically used to measure the dependent variable or show the scale of values in a chart.