18 and 19

QUESTION 18 Which of the following statements is NOT the reason why Electronic Communications Networks (ECM the organized stock exchanges ? Transactions costs are lower for ECN trades. ECNs do not allow investors to trade after hours All unfilled orders are available for review by ECN traders. Trades are made and confirmed faster. QUESTION 19 Exchange traded funds (ETFs) have which of the following features? They are indexed rather than actively managed. They are listed and traded as individual stocks on a stock exchange. Their value is based on the underlying net asset value of the stocks held in the index basket. All of the above QUESTION 18 Which of the following statements is NOT the reason why Electronic Communications Networks (ECM the organized stock exchanges ? Transactions costs are lower for ECN trades. ECNs do not allow investors to trade after hours All unfilled orders are available for review by ECN traders. Trades are made and confirmed faster. QUESTION 19 Exchange traded funds (ETFs) have which of the following features? They are indexed rather than actively managed. They are listed and traded as individual stocks on a stock exchange. Their value is based on the underlying net asset value of the stocks held in the index basket. All of the above