Examlex
Which one of the fogs listed below may be categorized as an evaporation- caused fog?
Bank CD
A Certificate of Deposit, a savings certificate with a fixed maturity date and specified fixed interest rate, offered by banks.
Expense Ratio
The annual fee expressed as a percentage of assets under management that investors pay for mutual fund or ETF operations and administration.
Indexed Funds
Mutual funds or exchange-traded funds (ETFs) that aim to replicate the performance of a specific index by investing in the stocks or securities that compose that index.
Bid-ask Spread
The difference between the highest price that buyers are willing to pay for an asset (bid) and the lowest price that sellers are willing to accept (ask).
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