Asked by Crissy Hogue on May 09, 2024
Verified
An order to buy or sell a security at the current price is a ________.
A) limit order
B) market order
C) stop-loss order
D) stop-buy order
Market Order
An order to buy or sell a security immediately at the best available current price.
- Grasp an understanding of the liabilities, statutory stipulations, and mechanizations related to the initiation of public offerings and the conduct of securities trading.
Verified Answer
AE
Alison EsquivelMay 16, 2024
Final Answer :
B
Explanation :
A market order is an instruction to a broker to buy or sell a security at the current market price. This type of order is executed immediately, as long as there are willing sellers or buyers. Therefore, a market order is appropriate when the investor wants to ensure execution of the trade right away, without regard to the price.
Learning Objectives
- Grasp an understanding of the liabilities, statutory stipulations, and mechanizations related to the initiation of public offerings and the conduct of securities trading.