Question

A characteristic of market orders is execution ___________ and price __________. Whereas a characteristic of limit orders is execution ___________ and price _________.

A. Certainty; Certainty; Uncertainty; Uncertainty

B. Uncertainty; Uncertainty; Certainty; Certainty

C. Certainty; Uncertainty; Certainty; Certainty

D. Certainty; Uncertainty; Uncertainty; Certainty

E. None of these -- a limit order needs to hit a stop price before execution can occur.

Answer 1

Option D is correct

Certainty; Uncertainty; Uncertainty; Certainty

In market orders, price at which order is fulfilled is uncertain and in limit orders, execution is uncertain at a fixed price.