Which of the Following Statements Regarding ETFs Is False

question 12

Multiple Choice

Which of the following statements regarding ETFs is false?

• A)Traditionally actively managed
• B)Pool together investors' monies for joint management
• C)Traded intraday like stocks
• D)Typically lower cost structure than mutual funds
• E)Usually traded at close to market value of its underlying holdings

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Definitions:

Implied Contract

An agreement created by actions of the parties involved, rather than written or spoken words, which has the same legal force as a written contract.

Executed Contract

A contract in which all parties involved have fulfilled their obligations as outlined in the agreement.

Executory Contract

A contract that has not yet been fully performed.

Executory

Executory refers to a contract or agreement in which some future act or obligation remains to be performed under its terms.