Trading, Accounts & Prohibited ActsQuestion 186 of 398
A stop-limit order combines the features of which two order types?
a.A market order and an all-or-none order
b.A limit order and a fill-or-kill order
c.Two separate market orders
d.A stop order and a limit order
Explanation
A stop-limit order uses a stop price to trigger the order and a limit price to cap the execution price once triggered. This gives price protection that a plain stop order lacks, but it risks non-execution if the market moves past the limit.
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