SIE Exam Practice Question 372
Question: 372
What type of order should Martin enter if his objective is to buy 500 shares of Cisco stock as soon as possible at the best price available?
Correct Answer: B
Explanation:
B - A market order gives the broker instructions to buy or sell a specified quantity of securities immediately, as soon as the order reaches the market. A full execution of the order is assured but the execution price is unknown.
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