Delayed last

Stocks · 45 min

How a print happens

, , , , size, and why this paper desk fills at last. The insides of a — not a live , not a , not a ticket. Look. Do not buy.

A dotted mark is a word. Tap it if the meaning is new.

About this pathLevel, skills, and what to read firstOpen if you want the extras. The lesson is below.

Classroom copy as of 8 September 2026.

Lessons are on. The check adds one extra scenario. Tap a dotted mark for a definition. Want the floor’s language and a harder check? How you sit is in Settings.

  • Last already happened; bid and ask are live interest
  • Spread is a cost this paper desk skips on purpose
  • Size on a thin book moves last; size on a thick book does not

Read first: The words on the tape

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Lesson 1 / 6 · 7 min · take your time

A quote is four numbers, not one

Classroom slides

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Board 01

A quote is four numbers, not one

is the most recent agreed trade. It is a memory. is what a buyer will pay now. is what a seller will take now. is the average of and ask — a teaching sketch of “in between,” not a fair-value stamp.

Next time you open this lesson

We’ll open this slide when you come back. This device remembers it.

Swipe the deck. Hold Previous for slide one. A vertical swipe still scrolls the page.

is the most recent agreed trade. It is a memory. is what a buyer will pay now. is what a seller will take now. is the average of and ask — a teaching sketch of “in between,” not a fair-value stamp.

If is $200, might be $199.92 and $200.08. None of those is what the company is “worth.” They are what people are doing. Last can sit inside the , or on the , or print on the ask. That is a location, not a grade.

This classroom shows when the public feed is up. We do not show a live or . We name those words so they transfer to a licensed desk. We cannot send an order. We are not a broker.

See it on the board: Apple

Say it back below. Then the next lesson opens. If you leave the page, we will ask to save your spot.

Ask the Professor

LOOK DON'T BUY

Real World Markets is a classroom. We only teach — stocks, crypto, and how markets work. You can look at delayed last. You cannot buy here. We do not take orders or hold money. Not a broker. Not a CASP. Lessons are free.

Delayed public last when the feed is up — a number to look at, never a ticket. Paper results are hypothetical and have no cash value. Not a broker-dealer. Not a CASP or money transmitter. You cannot buy here.

Passing a quiz is not a qualification or a license. The Professor will not tell you what to buy. Company names and tickers belong to their owners. We draw letter marks, not official logos. Not affiliated with Apple, Nasdaq, S&P, Yahoo, CoinGecko, or CoinMarketCap.

This classroom does not give financial advice. We do not tell you what to buy, sell, or hold. A lesson, delayed last, a paper fill, a quiz, Professor Moon, and a quote on the tree are teaching — not a recommendation, not a personalized plan, and not a reason to place a live order. We only teach. Educational classroom only. Not a seller. Not a market we operate. Not investment advice, not legal advice, not an offer to buy or sell, not a broker-dealer, investment adviser, CTA, or CIRO/CSA registrant. Not a CASP, VASP, MSB, money transmitter, or gambling operator. We do not custody, exchange, or transmit crypto-assets. We do not file a license for you. Not registered with the U.S. SEC, FINRA, CFTC, NFA, FinCEN, Canada’s CSA/CIRO, or Mexico’s CNBV. Last may be a delayed public print when the feed is up, or a teaching path if it is not — never a reason to trade. Options premiums and NFT floors are teaching numbers. Paper results are hypothetical and have no cash value. World Circuit is a paper board game, not gambling and not a live market. Past or simulated performance is not indicative of future results. CFTC Rule 4.41. Third-party names stay with their owners. Letter marks, not official logos.

© 2026 Real World Markets™. Original classroom copy, software, World Circuit, and house marks are ours. ™ is our claim on the name — not a USPTO registration. See Marks.