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Scott Just Called His Broker to Place an Order to Buy

Question 125

Multiple Choice

Scott just called his broker to place an order to buy 100 shares of IBM if the price is less than or equal to $120.Which of the terms below describe his order?


A) Both a round lot and a limit buy order
B) Limit buy order
C) Round lot
D) Odd lot
E) Stop order

Correct Answer:

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