Which of the Following Statements Is Incorrect

question 46

Multiple Choice

Which of the following statements is incorrect?

• A)Exchange-traded funds (ETFs) are designed to mimic particular stock indexes and are traded on a stock exchange.
• B)Unlike a closed-end fund, an ETF has a fixed number of shares.
• C)ETFs differ from most open-end and closed-end funds in that they are not actively managed.
• D)One disadvantage of ETFs is that each purchase of additional shares must be done through the exchange where they are traded.

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Definitions:

Effective Letter

A written communication that clearly conveys its intended message and achieves its purpose with the recipient.

Termination Letters

Written notifications from an employer to an employee stating the end of the employee's job within the company.

Controversial

Something that gives rise to public disagreement or debate.

Psychographics

Psychological characteristics of an audience, including personality, attitudes, and lifestyle.