Which factor most directly affects the likelihood that a limit order will fill?

Which factor most directly affects the likelihood that a limit order will fill?

• A. Market volatility has no impact on limit order fills.
• B. Liquidity and price movement relative to the limit price determine whether a limit order fills.
• C. Limit orders always fill regardless of price.
• D. Only the exchange's hour affects limit order fills.

Answer: (B)