____ Are Not Exchange-Traded Funds

question 57

Multiple Choice

____ are not exchange-traded funds.

• A)Spiders
• B)Growth mutual funds
• C)Diamonds
• D)Sector Spiders

---

Definitions:

Reasonable Identification

The process of sufficiently identifying an individual through the use of valid and reliable means or documents.

Fraud In The Factum

A liability defense available to a party who signs a negotiable instrument without knowing that it is a negotiable instrument.

Negotiable Instrument

A written assurance for the remittance of a fixed sum of money, payable either on demand or at a future date, with the document clearly stating the name of the individual making the payment.

Liability

A legal responsibility or obligation.