Canadian Securities Course (CSC) Practice Exam · Question
Which type of order instructs a broker to buy or sell a security immediately at the best available current price?
A market order is an order to buy or sell a security immediately at the best available price. It prioritizes execution over price.
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Question: Which type of order instructs a broker to buy or sell a security immediately at the best available current price?
Answer options:
- Limit order
- Stop order ✅ Market order
- Good 'til Canceled (GTC) order
Correct answer: Market order
Explanation: A market order is an order to buy or sell a security immediately at the best available price. It prioritizes execution over price.
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