I need help with a Accounting question. All explanations and answers will be used to help me learn.
*Responses must be written in your own words – DO NOT copy/paste from the Internet.
For this week’s homework assignment, please answer the following questions:
- Describe the differences among the following three types of orders: market, limit, and stop loss. Provide examples of each in your own words.
- What is a short sale? Provide an example in your own words.
- Describe buying on margin. Provide and example in your own words.
- Why is it illegal to trade on insider information? Provide an example in your own words.