Question

The ________ is a conditional order and is executed only if the limit price or a better price can be obtained. Another type of conditional order is the ________, which specifies that the order is not to be executed until the market moves to a designated price, at which time it becomes a ________.

A. market order; stop order; limit order
B. stop order; limit order; market order
C. limit order; stop order; market order
D. limit order; market order; stop order

Answer 1

Answer:

C (limit order; stop order; market order)

Explanation:

Firstly the order will be called limit order as price has a minimum limit. Second will be stop order, like if market is offering less price then we can stop until the market reaches to the point where price is more fair or more acceptable. Then that order will become market order.