SIE practice questioneasyOrder Types
An investor wants to buy shares at the current market price as quickly as possible. Which type of order should the investor place?
- AStop order
- BLimit order
- CMarket order✓ Correct answer
- DStop-limit order
Explanation
Why C — Market order
A market order is executed immediately at the current market price. Limit orders specify a price, and stop/stop-limit orders trigger under certain conditions, so they may not execute right away.
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