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ACI

3I0-012 · Question #718

When a stop-loss/profit order is taken, the rate specified in the order:

The correct answer is C. Cannot be taken as a fixed-price guarantee. See the full explanation below for the reasoning.

Question

When a stop-loss/profit order is taken, the rate specified in the order:

Options

  • AMust be transacted regardless of where the market moved.
  • BMust be transacted if a broker confirms that the rate specified was reached.
  • CCannot be taken as a fixed-price guarantee.
  • DNone of the above.

How the community answered

(32 responses)
  • A
    3% (1)
  • B
    6% (2)
  • C
    78% (25)
  • D
    13% (4)

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