Which of the Following Statements Concerning Market and Limit Orders

Multiple Choice

Which of the following statements concerning market and limit orders are correct?
I.Market orders guarantee both a price and an execution.
II.Market orders guarantee an execution but not a price.
III.Limit orders guarantee a price but not an execution.
IV.Limit orders guarantee both a price and an execution.

A) I and III only
B) II and III only
C) I and IV only
D) II and IV only