Which of the Following Orders Instructs the Broker to Buy

question 61

Multiple Choice

Which of the following orders instructs the broker to buy at or below a specified price?

• A) Limit-loss order
• B) Discretionary order
• C) Limit-buy order
• D) Stop-buy order
• E) Market order

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Definitions:

Spot Rate

The current market price of a currency, commodity, or security for immediate delivery and payment.

Swiss Francs

The legal currency of Switzerland, known for its stability and used as a benchmark or safe-haven currency in international finance.

Canadian Dollar

The Canadian Dollar is the official currency of Canada, symbolized by $ or C$ to distinguish it from other dollar-denominated currencies.

Foreign Exchange Rate Risk

The potential for investors to experience losses due to changes in the exchange rates between currencies.