SIE practice questioneasyTypes of Orders
A customer places an order to buy 100 shares of XYZ at the current market price. What type of order is this?
- AMarket order✓ Correct answer
- BLimit order
- CStop order
- DStop-limit order
Explanation
Why A — Market order
A market order is an instruction to buy or sell immediately at the best available price. Limit, stop, and stop-limit orders require specific price conditions.
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