Which one of the following statements regarding orders is false?
A. A market order is simply an order to buy or sell a stock immediately at the prevailing market price.
B. A limit-sell order is where investors specify prices at which they are willing to sell a security.
C. If stock ABC is selling at $50, a limit-buy order may instruct the broker to buy the stock if and when the share price falls below $45.
D. A market order is an order to buy or sell a stock on a specific exchange (market).
D. A market order is an order to buy or sell a stock on a specific exchange (market).
All of the order descriptions above are correct except a market order is an order to buy or sell a stock on a specific exchange (market).
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