Which term is the number of shares bid or offered at a given price?

• A. Volume
• B. Size
• C. Order
• D. Limit order

Answer: (B)

In market quotes, the number shown next to the bid or ask price is the size. It represents how many shares are being bid at the bid price or offered at the ask price, i.e., the quantity available at that price. This tells you about liquidity at that price: larger size means more shares can be traded without moving the price, while smaller size suggests less depth. Volume, by contrast, is the total number of shares traded over a period, not the quantity at a specific price. An order is a request to buy or sell, and a limit order is a type of order that sets a price constraint, not the quantity shown at a price.