Adam contacts his account executive and tells him to purchase 500 shares of Intel stock immediately. Adam placed a ____ order with his account executive.

Name: Adam contacts his account executive and tells him to purchase 500 shares of Intel stock immediately. Adam placed a ____ order with his account executive.
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Question

Quizplus · Accepted Answer

Adam placed a market order since he instructed his account executive to purchase the 500 shares immediately at the current market price, without specifying a limit or stop price.

Adam Contacts His Account Executive and Tells Him to Purchase