SIE practice questioneasyOrder Types - Market and Limit
Which order type instructs a broker to buy or sell a security immediately at the best available current price?
- ALimit order
- BMarket order✓ Correct answer
- CStop order
- DGood-til-canceled order
Explanation
Why B — Market order
Market orders are executed immediately at the best available price. Limit orders specify a price and may not execute. Stop orders are triggered by price movement. GTC is a duration instruction, not price.
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