Securities Market Order Types Quiz
Test your knowledge on various securities market order types including Market, Limit, Stop, Trailing Stop, Fill-or-Kill, and more.
#1
What is a Market Order?
An order to buy or sell a security at the current market price
An order placed at a predetermined price level
An order placed only during extended trading hours
An order placed with a specified time limit
#2
What is a Limit Order?
An order to buy or sell a security at a specific price or better
An order placed at any time during market hours
An order placed without considering the current market price
An order placed with a brokerage firm directly
#3
What is a Discretionary Order?
An order in which the broker has the discretion to execute at the best available price
An order placed without considering market conditions
An order that can only be executed during extended trading hours
An order that becomes active when a certain price level is reached
#4
What is a Stop Order?
An order that becomes a market order when a certain price level is reached
An order to buy or sell at the current market price
An order that is placed without any price restrictions
An order placed with a specific time limit
#5
What is a Stop-Limit Order?
An order combining features of a stop order and a limit order
An order that can only be placed during extended trading hours
An order that is executed immediately at the market open
An order that can be placed with a brokerage firm directly
#6
What is a Good 'Til Canceled (GTC) Order?
An order that remains active until it's either filled or canceled
An order that expires at the end of the trading day
An order that automatically adjusts its price based on market conditions
An order that can only be placed during regular trading hours
#7
What is a Market-on-Close (MOC) Order?
An order executed at the end of the trading day at the current market price
An order that can only be placed during extended trading hours
An order that is filled immediately or canceled
An order that becomes active when a certain price level is reached
#8
What is a Immediate-or-Cancel (IOC) Order?
An order that must be executed immediately or canceled
An order that remains active until it's either filled or canceled
An order that can be partially filled over a period of time
An order that becomes active when a certain price level is reached
#9
What is a Trailing Stop Order?
An order that adjusts based on the movement of the security's price
An order placed with a specific time limit
An order placed with a predetermined price level
An order that can only be executed during regular trading hours
#10
What is a Fill-or-Kill (FOK) Order?
An order that must be executed immediately in full or canceled
An order that remains active until the end of the trading day
An order that can be partially filled over a period of time
An order that can only be executed during extended trading hours
#11
What is a Market-on-Open (MOO) Order?
An order executed at the beginning of the trading day at the current market price
An order that remains active until the end of the trading day
An order that is executed at the opening price of the previous trading day
An order that becomes active when a certain price level is reached
#12
What is a Hidden Order?
An order that is not visible in the order book
An order that is executed at the market open
An order that can only be placed during extended trading hours
An order that remains active until the end of the trading day
#13
What is a Post-Only Order?
An order that is only added to the order book if it doesn't match with existing orders
An order that is executed immediately at the current market price
An order that remains active until the end of the trading day
An order that can only be placed during regular trading hours
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