A family of Microsoft relational database management systems designed for ease of use.
Several things wrong - Your IIF statement syntax is wrong. IIF(Now() > XXX AND Now() < YYY, TrueAnswer, FalseAnswer)
Access does not have time as "05:00 PM" but as a decimal number where the fraction represent the part of a day. Your IIF statement syntax is wrong.
The function Now() also include the date.
Now() cannot be greater than 5 PM and less than 9:30 AM unless you have a date associated with them. That is the same as saying >17 and <9.5 (17 being 24 hour clock).
(Now() - Date()) removes the date.
Why not just use Now() in the field?