Stocks Beginner: Buying and Selling Stock

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1.
With a _______ account, you may borrow from your broker to buy securities.
Choose wisely. There is only one correct answer.
Margin. Margin accounts let you borrow funds from your broker.
2.
If you place a _______ order, your broker will buy or sell stock at a specific price.
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Limit. A limit order limits the price at which your broker will buy or sell a stock.
3.
A customer who wants nothing more than execution of trades from his or her broker will want a _______ broker.
Choose wisely. There is only one correct answer.
Deep-discount. The deep-discount broker limits his or her services to execution of trades.
4.
An order that is effective until you decide to terminate it is called a limit order.
Choose wisely. There is only one correct answer.
False. This type of order is called a good til canceled order.
5.
To buy or sell publicly traded stock, you usually must use a broker.
Choose wisely. There is only one correct answer.
True. A broker executes trades for you.