Exchange-Traded Mutual Funds Are Actually Closed-End Mutual Funds

question 155

True/False

Exchange-traded mutual funds are actually closed-end mutual funds.

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Definitions:

Magnuson-Moss Warranty Act

A federal law established to improve the information consumers receive about warranties and to provide a means of remedy for breach of warranty.

Federal Trade Commission

A U.S. federal agency established to protect consumers and to ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Breach of Warranty

Occurs when a seller fails to fulfill the terms of a promise, claim, or representation made about the quality or type of product.

Stolen

An item that has been taken without permission or legal right, typically without the owner's consent.