Requests by customers to purchase or sell securities at the price existing when the order reaches the exchange floor are called
A)limit orders.
B)short-selling.
C)stop-loss orders.
D)market orders.

Question

Quizplus · Accepted Answer

Requests by customers to purchase or sell securities at the existing market price are known as market orders. They are executed at the best available price on the exchange floor at the time the order is received. Market orders do not have a specific price limit, setting them apart from limit orders. Short-selling involves selling securities that are not owned by the seller, while stop-loss orders provide an instruction to sell a security if its price falls below a specified level.

Requests by Customers to Purchase or Sell Securities at the Price