Answer-first summary for fast verification
Answer: A market order, which executes at the best available price immediately.
A market order is the correct answer because it instructs the broker to execute the trade at the best available price immediately, without any price restrictions. In contrast, a stop order (Option A) requires a specified price condition to be met before execution, and a limit order (Option B) ensures execution only at a specified price or better. This distinction is crucial in equity investments, where understanding order types is fundamental.
Author: LeetQuiz Editorial Team
Ultimate access to all questions.
A sell order that instructs the broker to obtain the best price immediately available without specifying a minimum price is a:
A
A stop order, which becomes valid only when a specified price condition is met.
B
A limit order, which ensures execution at a specified price or better.
C
A market order, which executes at the best available price immediately.
No comments yet.