The most common type of order is called a ______. It instructs the broker to obtain the best possible price-the highest price when selling and the lowest price when buying.
A) fast order
B) stock order
C) limit order
D) market order

Question

Quizplus · Accepted Answer

A market order instructs the broker to buy or sell a security at the prevailing market price, which means obtaining the best possible price. Therefore, the correct answer is D) market order.

The Most Common Type of Order Is Called a ______