Palesa wants to purchase stock at the current market price. She should use a:
Understand the Problem
The question is asking what type of order Palesa should use to purchase stock at the current market price. The options provided refer to different types of stock orders, and the correct choice must indicate the order type that reflects an instant purchase at market price.
Answer
market order
The final answer is market order.
Answer for screen readers
The final answer is market order.
More Information
A market order is executed immediately at the current market price. It's the simplest and quickest method for buying stock.
Tips
A common mistake is confusing market orders with limit orders. A limit order specifies a maximum price to pay, while a market order buys at the current price.
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