SERIES-6 practice question 21 of 35

An order to buy or sell a stock at the prevailing market price is called a(n):

Full set: 325 questions
Answer options
A: open-ended order.
B: market order. Correct answer
C: stop order.
D: limit order.
Correct Answer:
B. market order.
Explanation

An order to buy or sell a stock at the prevailing market price is called a market order. Stop orders and limit orders specify prices at which the order is triggered.

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