Canadian Securities Course (CSC) Practice Exam · Question
Which of the following describes a 'market order'?
A market order is an instruction to buy or sell a security immediately at the best price available in the market at the time the order is placed.
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Question: Which of the following describes a 'market order'?
Answer options: ✅ An order to buy or sell immediately at the best available current price.
- An order to buy or sell at a specified price or better.
- An order to buy or sell once a specified price has been reached.
- An order that remains in effect until it is executed or cancelled.
Correct answer: An order to buy or sell immediately at the best available current price.
Explanation: A market order is an instruction to buy or sell a security immediately at the best price available in the market at the time the order is placed.
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