How Is an ETF Similar to a Closed-End Fund

question 70

Multiple Choice

How is an ETF similar to a closed-end fund?

• A) Shares can be traded on a securities exchange.
• B) An investor can purchase as little as one share of a fund.
• C) Prices for shares are determined by supply and demand, the value of stocks and other investments contained in the fund's portfolio, and by investor expectations.
• D) Shares can be traded in the over-the-counter market.
• E) All of these are correct.

---

Definitions:

Noncooperative Games

Games in game theory where players make decisions independently, without cooperation or communication with each other.

Constant Sum Game

A situation in game theory where the total benefit to all players in the game remains constant, regardless of the distribution of gains among players.

Negotiating

The process of discussing something with someone in order to reach an agreement.

Maximum Willingness-To-Pay

The highest amount an individual is willing to spend to acquire a good or service.