Question

An order that specifies a maximum price to pay if buying is a _____________. stop order...

An order that specifies a maximum price to pay if buying is a _____________.

stop order

market order

limit order

all or none order

none of the above

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Answer #1

Ans limit order

An order that specifies a maximum price to pay if buying is a limit order. A limit order is an order to buy or sell at a specific price or better. A buyer can use limit lower price and seller can use limit higher price. However the limit price is not guaranteed to execute.

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