CFA Practice Question

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CFA Practice Question

An order that is automatically cancelled at the end of the day is called a ______.

A. limit order
B. stop order
C. day order
D. market order
E. GTC order
Correct Answer: C

User Contributed Comments 7

User Comment
kalps Order cancelled at the end of the day is a stop order
eavotri a stop order can be either for the day or GTC
phillip but the question is not asking anything about a stop order. It's a day order.
stefdunk stop and limit orders are either day, (week) or gtc.
jpducros GTC = "good'till canceled" for those who forgot.
irapp92 kalps needs to lose their commenting privileges
ascruggs92 A stop order deals with specified price not time period. A day order is what it sounds like, it is an order that expires at the end of the trading day
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