The Type of Order That Instructs the Broker to Buy

question 271

Multiple Choice

The type of order that instructs the broker to buy or sell securities at the prevailing price is called a ____ order.

• A)stop
• B)limit
• C)market
• D)month

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Definitions:

Episodic Memory

A category of long-term memory that involves the recollection of specific events, situations, and experiences.

Semantic Memory

A category of persistent memory that involves the ability to memorize words, ideas, or numbers, indispensable for the mastery and implementation of language.

General Knowledge

Broad, useful information and facts about a wide range of topics rather than detailed knowledge in a specific area.

Long-Term Memory

The phase or type of memory responsible for the storage of information over an extended period, potentially as long as a lifetime.