A(n) ________ is an order to a stock broker to buy or sell a security at the prevailing price at the time the order is placed.
A) stop order
B) limit order
C) odd lot order
D) market order
E) round lot order

Question

Quizplus · Accepted Answer

A market order is an instruction to a broker to execute a trade at the prevailing market price. This type of order ensures quick execution, though the final price of the security may not be known in advance. It is often used when the buyer or seller wishes to enter or exit a position quickly, with little concern for the price obtained.

A(n) ________ Is an Order to a Stock Broker to Buy