When a market order is placed, the price that is paid for the stock is the

a$.$ stock's fundamental value.

b$.$ market price at time of the execution.

c$.$ market price at time of the quote.

d$.$ quoted price.

American Depositary Receipts $($ADRs$)$ facilitate trading in foreign securities by

a$.$ streamlining the broker$-$dealer relationship in foreign transactions.

b$.$ guaranteeing payment in U$.$S$.$ dollars of proceeds and dividends through OTC transactions.

c$.$ offsetting Eurobonds in the foreign transaction.

d$.$ large companies offering receipts of the stock on American markets.