Recommendations & StrategiesQuestion 70 of 110
Which order type guarantees execution but not price?
a.A limit order
b.A stop-limit order
c.A buy limit order
d.A market order
Explanation
A market order is executed promptly at the best available price, guaranteeing execution but not a specific price. A limit order guarantees the price or better but may not execute. Stop-limit orders combine a trigger with a limit and likewise are not guaranteed to fill.
Practice all 110 questions free — no signup required.
Related questions on this topic
- A required minimum distribution (RMD) generally applies to which type of account?
- An adviser evaluating two portfolios with equal returns should generally prefer the one with which characteristic?
- The present value of a future stream of retirement income needs is most affected by which assumption?
- A sector rotation strategy involves which of the following?
- A durable power of attorney is an estate planning tool that does which of the following?
- A revocable living trust offers which primary benefit during the grantor's lifetime and at death?
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against NASAA Series 65 Investment Adviser Law Exam · How we review