The Difference Between Managed Funds and ETFs Is That ETFs

question 31

True/False

The difference between managed funds and ETFs is that ETFs are traded on exchanges and managed funds are not.

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Definitions:

Proportional

Pertaining to a relationship or situation where two quantities vary directly with each other.

Taxable Income

The amount of income that is subject to taxation, after all allowable deductions, credits, and exemptions.

Total Income

The sum of all earnings received by an individual or entity, encompassing wages, salaries, profits, rents, and other forms of earnings.

Progressive Tax

A taxation system where the tax rate increases as the taxable amount or income increases, placing a higher burden on wealthier individuals.