Multiple choice general knowledge

What is the name of the order you place to buy a share at a specific price you quote ?

  1. Limit Order

  2. Margin Order

  3. Futures

  4. Options
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A Correct answer
Explanation

A limit order is an order to buy or sell a security at a specified price or better. When you place a limit order to buy, the order will only execute at your quoted price or lower. Margin orders relate to trading with borrowed money, while futures and options are derivative instruments.

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