Series 7 - General Securities Representative Exam
Preview Mode
A customer tells their broker "Sell 500 shares of ABC, Stop 102, Day". What happens when the stock price trades at 102?
The stop order is now a good til cancel order
A
The stop order is executed at 102
B
The stop order is triggered and turns into a sell limit order
C
The stop order is triggered and turns into a sell market order
D
Explanations
Stop orders turn into market orders once the stop is triggered at the stop price
Pricing
Basic
Part of the questions for each course
-
- Course
- Questions
-
- SIE
- 20 of 150
-
- Series 6
- 30 of 500
-
- Series 7
- 50 of 625