An order book displays the following information:
$\begin{array}{cccc}
\text { Buy Orders}& \text { Sell Orders}\
\hline \text { Shares }\quad \text { Price } & \text { Shares } \quad \text { Price } \
200 \quad \$ 18.15 & 100 \quad \$ 18.17 \
300 \quad \$ 18.14 & 500 \quad \$ 18.18 \
100 \quad \$ 18.14 & 100 \quad \$ 18.19
\end{array}$

You place a market order to sell 200 shares. At what price will your order be executed?
A)$18.13
B)$18.14
C)$18.15
D)$18.16
E)$18.17

Question

An order book displays the following information:
$\begin{array}{cccc}
\text { Buy Orders}& \text { Sell Orders}\
\hline \text { Shares }\quad \text { Price } & \text { Shares } \quad \text { Price } \
200 \quad  \$ 18.15 & 100 \quad  \$ 18.17 \
300 \quad  \$ 18.14 & 500 \quad  \$ 18.18 \
100 \quad  \$ 18.14 & 100 \quad  \$ 18.19
\end{array}$

You place a market order to sell 200 shares. At what price will your order be executed?
A)$18.13
B)$18.14
C)$18.15
D)$18.16
E)$18.17

Quizplus · Accepted Answer

The best bid is $18.15, so your order will be executed at that price.

An Order Book Displays the Following Information You Place a Market Order to Sell 200 Shares