单选题
Which of the following statements about securities markets is least accurate? A. Characteristics of a well-functioning securities market include: many buyers and sellers willing to trade at below market price, low bid-ask spreads, timely information on price and volume of past transactions, and accurate information on supply and demand. B. When Conglomerate, InC. trades directly with MultiNational, Ltd. , it is using the fourth market. C. A limit buy order and a stop buy order are both placed below the current market price.
【正确答案】
C
【答案解析】A limit buy is placed below the current market price, but a stop buy order is placed above the current market price (stop buy orders are often placed to protect a short sale from a rising market).