In the futures market,the instruction to a futures broker to buy or sell at the current market price is a:
A) call order.
B) limit order.
C) market order.
D) phone order.

Question

Quizplus · Accepted Answer

A market order is an instruction to a futures broker to buy or sell at the best currently available price. This is in contrast to a limit order, which is an instruction to buy or sell at a specific price or better. A call order and phone order do not accurately describe the kind of instruction given to a futures broker.

In the Futures Market,the Instruction to a Futures Broker to Buy