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: 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.
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