An Exchange-Traded Fund (ETF)is

question 85

Multiple Choice

An exchange-traded fund (ETF) is

• A)the same thing as a mutual fund.
• B)a portfolio of financial assets in which shares representing fractional ownership of the fund are sold and redeemed by the fund sponsor.
• C)a portfolio of financial assets in which shares representing fractional ownership of the fund trade on an organized exchange.
• D)none of the options