An order to execute a trade at the best price available as soon as the transaction reaches the market is called a ____ order.
A) Market
B) Stop
C) Limit
D) Day
E) Fill or kill

Question

Quizplus · Accepted Answer

A market order is an instruction to buy or sell a security at the current market price. It is executed immediately and filled at the best available price in the market. This type of order is useful when speed and execution are the priority, rather than the price at which the trade is executed.

An Order to Execute a Trade at the Best Price