Question
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
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 |
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