Explanation:
Both limit orders and stop-limit orders can guarantee a specified price level or better, but neither guarantees that the full order will be executed. A market order guarantees execution, not price. A stop order guarantees neither a price floor/ceiling nor execution price.
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Q-149.4. Which order guarantees a specified PRICE LEVEL OR BETTER but does NOT guarantee the order will be fully executed? (best answer)
A
a) Market order only
B
b) Limit order only
C
c) Stop order only
D
d) Limit order OR stop-limit order
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