The day-of-the-week effect is defined as the tendency for which day of the week to have a negative average rate of return?
A)Monday
B)Tuesday
C)Wednesday
D)Thursday
E)Friday

Question

Quizplus · Accepted Answer

The day-of-the-week effect refers to the phenomenon where Mondays tend to have a negative average rate of return in the stock market, compared to other days of the week. This effect has been observed in various studies and is attributed to the accumulation of negative news over the weekend, among other factors.

The Day-Of-The-Week Effect Is Defined as the Tendency for Which