Choose the Word or Phrase in [ ] Which Will

question 166

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Exchange-traded funds are investment company shares that trade [at day's close | throughout the day] on stock exchanges.

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Definitions:

Primary Ledger

The main accounting record of a company that uses double-entry bookkeeping, which contains all the financial transactions.

General Ledger

A complete record of all financial transactions over the life of a company, organized by accounts.

Income Statement

A financial statement that summarizes revenues, expenses, and profits or losses of a business for a specific period.