Which of the following trades will be executed in the shortest time af

QUESTION

Which of the following trades will be executed in the shortest time after the order is placed?

A) a discretionary order to buy 1,000 shares of Sunny Fun Cruise Lines.
B) a limit order to sell 100 shares of Sunny Fun Cruise Lines above $8.50
C) a market order to buy 300 shares of Sunny Fun Cruise Lines
D) a limit order to buy 4,000 shares of Sunny Fun Cruise Lines below $8.25
E) a discretionary order to sell all shares of Sunny Fun Cruise Lines

ANSWER

Answer: C
Explanation: C) A market order buys or sells a security at the best available price. It is usually executed within five minutes. Limit orders often require wait time for a security price to reach a specified threshold, and brokers can wait extended periods until they determine executing a discretionary order is best for the client.