1.) Which of the following funds trade on the stock market just like shares of stock?

		Index Funds and Hedge Funds
		Open-end Funds and closed-end Funds
		ETFs and Open-end Funds
		Hedge Funds and Open-end Funds
		Closed-end Funds and ETFs

2.) Which of the following types of funds tend to have the lowest expenses?

		ETFs
		Closed-end Funds
		Hedge Funds
		Actively-managed funds
		Open-end Funds

3.) Which of the following describes the investment strategy of most ETFs:

		ETF fund managers actively choose bonds to invest in.
		ETF fund managers actively choose money market securities to invest in.
		ETF fund managers actively choose stocks to invest in.
		ETF fund managers try to passively track an index
		ETF fund managers actively choose commodities to invest in.

4.)

Purchases of which type of fund are always made at the funds NAV?

		Open-end Funds
		Index Funds
		ETFs
		Closed-end Funds
		Hedge Funds