Asked by Nicole Guerrero on Apr 24, 2024
Verified
The ______ order instructs the broker to obtain the best possible price-the highest price when selling and the lowest price when buying.
A) fast
B) stock
C) market
D) limit
Market Order
Order that instructs the investor’s broker to obtain the best possible price.
Best Possible Price
Achieving the most favorable cost condition under given circumstances, often in purchasing or selling scenarios.
- Understand the operation of the stock market and its elements.
- Develop an understanding of different financial instruments and transactions.
Verified Answer
BC
bruna cordioli6 days ago
Final Answer :
C
Explanation :
The correct answer is "market" order because it instructs the broker to execute a trade immediately at the best available current price, without any price limit set by the trader.
Learning Objectives
- Understand the operation of the stock market and its elements.
- Develop an understanding of different financial instruments and transactions.
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