Which order type executes immediately at the current market price?

Which order type executes immediately at the current market price?

• A. Limit Order
• B. Market Order
• C. Stop Order
• D. Executive Order

Answer: (B)

In trading, the speed of execution is controlled by the order type. A market order is designed to be filled immediately by selling or buying at the best available price right now, so it delivers instant execution at the current market price. That immediacy is exactly what this question is asking for. A limit order, by contrast, sets a specific price and will only fill if the market trades at that price or better, so it isn’t guaranteed to execute immediately and may not fill at all. A stop order waits to be triggered when the price reaches a certain level and then typically becomes another order type, so it’s not immediate at the current price. An executive order isn’t a standard trading instruction for buying or selling in markets.

In trading, the speed of execution is controlled by the order type. A market order is designed to be filled immediately by selling or buying at the best available price right now, so it delivers instant execution at the current market price. That immediacy is exactly what this question is asking for.

A limit order, by contrast, sets a specific price and will only fill if the market trades at that price or better, so it isn’t guaranteed to execute immediately and may not fill at all. A stop order waits to be triggered when the price reaches a certain level and then typically becomes another order type, so it’s not immediate at the current price. An executive order isn’t a standard trading instruction for buying or selling in markets.