Exchange-Traded Funds (ETFs)are Similar to Index Mutual Funds but Have

question 1

True/False

Exchange-traded funds (ETFs)are similar to index mutual funds but have lower MERs and are traded like stocks,so have brokerage commission charges when buying and selling them.

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Definitions:

Lien

A legal right or interest that a creditor has in the debtor's property, typically lasting until the debt that it secures is paid.

Accommodation Surety

A surety who cosigns a loan or credit application for another with no benefit received, assuring the lender that the loan will be repaid.

Compensation

Payment or reward given for service, performance, or damage incurred.

Artisan

A skilled craftsperson who makes or creates things by hand that may be functional or strictly decorative.