16&17

Question 16 16. The original electronic communication network (ECN), which began in 1969, was O. NYSE Arca b. Direct Edge O c. Instinet O d. BATS Exchange Question 17 17. What is meant by the term "mutual fund persistence"? a. The ability of a fund to charge higher fees O b. The ability of a fund to repeat superior performance O c. The ability of a fund to stay in business O d. The ability of a fund to accurately time the market a