When placing an order regarding a particular security, what three poin

QUESTION

When placing an order regarding a particular security, what three points of information must be specified?

What will be an ideal response?

ANSWER

Answer:
1. whether you want to buy or sell the security
2. how many shares to buy or sell
3. the conditions for the order
Explanation: When placing an order for a security with a broker, you must state whether you want to buy or sell the security, how many shares should be bought or sold, and the condition for the sale (market order, limit order, or discretionary order).