A ________ is a trading order that expires at the end of the trading day during which it was made.
A)day order
B)market order
C)limit order
D)GTC order
E)fill-or-kill order

Question

Quizplus · Accepted Answer

A day order is a trading order that is valid only for the trading day on which it was placed. If the order is not executed by the end of the trading day, it will expire and be automatically cancelled. This is different from a GTC (good 'til cancelled) order, which remains in effect until either it is executed or the investor cancels it. Market orders, limit orders, and fill-or-kill orders can all be placed as day orders.

A ________ Is a Trading Order That Expires at the End