What type of securities order condition demonstrates the highest degre

QUESTION

What type of securities order condition demonstrates the highest degree of faith in a broker’s capabilities?

What will be an ideal response?

ANSWER

Answer: A discretionary order allows a broker to decide the best time and price for selling or buying a security. A client who places a discretionary order trusts the broker to obtain the best outcome.
Explanation: In a discretionary order, the client trusts the broker’s professional experience and judgment to decide the best time and price for selling or buying a security.