Which of the Following Is Not One of the Characteristics

question 34

Multiple Choice

Which of the following is not one of the characteristics of exchange traded funds (ETFs) ?

• A)They are mostly passive portfolios.
• B)They are sometimes managed portfolios.
• C)They often track a particular sector of the market.
• D)They are priced based on Net Asset Value.

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies as the production volume changes.

Marginal Utility

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Consumer's Income

The total amount of income available to an individual or household to spend or save, after taxes and other deductions.

Units of Product

Specific quantities of a product produced, identified for purposes of measurement, sale, or analysis.