A market order requests the broker to buy or sell a certain security at the prevailing market price at the time.

Name: A market order requests the broker to buy or sell a certain security at the prevailing market price at the time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A market order instructs the broker to execute a trade at the current market price, therefore it is true that the order requests the broker to buy or sell a certain security at the prevailing market price at the time.

A Market Order Requests the Broker to Buy or Sell