Exchange-Traded Funds Are Less Tax Efficient Than Many Other Mutual

question 50

True/False

Exchange-traded funds are less tax efficient than many other mutual funds.

---

Definitions:

Secondary Process

A term from psychoanalytic theory referring to the rational and conscious thought processes that are involved in problem solving and decision making.

Primary Process

A mode of thinking primarily associated with the unconscious and characterized by the free and associative flow of thoughts and impulses.

Rational

Pertains to the quality of being based on or in accordance with reason or logic; thinking and acting sensibly and logically.

Fixation

An obsessive focus or attachment to a person, concept, or object, often hindering emotional and psychological development.