Exchange-Traded Funds Are Like Open-End Funds in the Sense That

question 63

Multiple Choice

Exchange-traded funds are like open-end funds in the sense that

• A)their shares are traded on an exchange, and their share price changes throughout the day.
• B)they have a fixed number of shares.
• C)they are not actively managed.
• D)none of the above

---

Definitions:

Meticulously

In a manner that shows great attention to detail; very thoroughly and precisely.

Bulimia Nervosa

An eating disorder marked by periods of binge eating followed by inappropriate compensatory behaviors such as vomiting, fasting, or excessive exercise to prevent weight gain.

Binge Ate

The act of eating large quantities of food in a short period of time, often associated with a lack of control over eating.

Disgusting

A strong emotional response of revulsion or profound disapproval elicited by something unpleasant or offensive.