Which of the Following Is a Fund That Invests in the Stocks

question 77

Multiple Choice

Which of the following is a fund that invests in the stocks or securities contained in a specific stock or securities index?

• A) Closed-end fund
• B) Exchange-traded fund
• C) Net asset value fund
• D) No-load fund
• E) Open-end fund

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Definitions:

Futures Contract

A contractual arrangement to purchase or sell a specified asset, like a commodity or financial instrument, at an agreed-upon price on a future date.

Bushels

A unit of volume that is used primarily for measuring quantities of grain.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses, including oil production and as a protein source in animal feeds and various food products.

Contract Price

The price agreed upon in a contract for the purchase or sale of an asset, service, or other commodity.