SIE practice questioneasyOrder Types
An investor wants to buy 100 shares of a stock immediately at the current best available price. Which order type should they submit?
- AMarket order✓ Correct answer
- BLimit order
- CStop order
- DStop-limit order
Explanation
Why A — Market order
A market order buys or sells immediately at the best available price. Limit orders specify a price; stop and stop-limit orders are triggered by specific price movements.
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