A(n) ________ Is an Order to a Stock Broker to Buy

question 65

Multiple Choice

A(n) ________ is an order to a stock broker to buy or sell a security at the prevailing price at the time the order is placed.

• A) stop order
• B) limit order
• C) odd lot order
• D) market order
• E) round lot order

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Definitions:

Loan Repaid

The process of paying back borrowed money to the lender, typically including both the original principal amount and accrued interest.

Simple Annual Rate

The interest rate without compounding, indicating the flat yearly cost of borrowing or the annual rate of interest paid on an investment.

Interest Earned

Interest earned is the amount of money gained as interest from savings accounts, investments, or bonds over a certain period.

Annual Rate

the interest rate for a whole year, rather than just a shorter period.