A request that a stock be purchased or sold at the current market price is called a
A) market order.
B) limit order.
C) margin order.
D) spot trade.
E) round-lot order.

Question

Quizplus · Accepted Answer

A market order is a request to buy or sell a stock at the current market price. This means that the trade will be executed immediately at the best available price, without any price limit or guarantee of execution. This is different from a limit order, which specifies a price limit at which the trade should be executed, or a margin order, which involves borrowing money to buy or sell stocks. A spot trade refers to buying or selling a commodity or currency for immediate delivery, while a round-lot order refers to a specific quantity of shares, typically 100.

A Request That a Stock Be Purchased or Sold at the Current