With a market order, the broker attempts to obtain the best possible price at the time the order is executed. The price is determined by the current market conditions and may not necessarily be the exact price the investor was expecting. The other options are incorrect as they do not accurately describe a market order.

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With a Market Order

Question 70

Multiple Choice

With a market order:

A) the broker attempts to get the best possible price during a lengthy period.
B) the investors must pay cash for the trades.
C) the broker tries to obtain the best possible price at the time the order is executed.
D) the broker should decide what is the reasonable price of the securities.
E) none of the above

Correct Answer: