Which of the Following Statements Is NOT Correct

question 62

Multiple Choice

Which of the following statements is NOT correct?

• A)Exchange-traded funds (ETFs)are designed to mimic particular stock indexes and are traded on a stock exchange.
• B)ETFs have very high expense ratios.
• C)ETFs differ from most open-end and closed-end funds in that they are not actively managed.
• D)One disadvantage of ETFs is that each purchase of additional shares must be done through the exchange where they are traded.

Practice problem-solving and critical thinking skills in the context of personal finance management.

Understand the concept of a check register and how to record transactions in it.

Develop proficiency in calculating the adjusted cash balance by adding deposits and subtracting checks written.

Acquire skills to reconcile cash balances with bank statements or completion of check stubs.

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Definitions:

Vehicle Retarder

Auxiliary braking device used to supplement the service brakes; in most cases these convert chassis kinetic energy into hydraulic or electrical energy and are located in the driveline. Distinct from engine or transmission retarders.

Kingpin Lock

A security device that locks the kingpin of a semi-trailer to prevent unauthorized coupling or theft of the trailer.

Drive Axle

The axle specifically responsible for transmitting power from the transmission to the wheels, propelling the vehicle forward or backward.

Truck Configurations

The specific arrangement or setup of parts and systems on a truck designed for particular purposes.