SIE practice questioneasyOrder Types
A customer wants to buy 100 shares of XYZ stock as soon as possible at the current market price. Which type of order should be entered?
- AStop-limit order
- BLimit order
- CStop order
- DMarket order✓ Correct answer
Explanation
Why D — Market order
A market order instructs the broker to buy or sell immediately at the best available price. Limit, stop, and stop-limit orders set specific price conditions, which could delay execution.
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