9. Ruth is looking to purchase a diversified portfolio of stocks. She would like to have the freedom to buy and sell shares in the portfolio throughout the day. Ruth should consider purchasing a(n)

I. Index mutual fund.

II. Exchange trade fund.

III. Fixed annuity fund.

a. I only

b. II only

c. I or II only

d. II or III only

10. Which type of investment product will tend to offer an investor the greatest potential for growth in principal if inflation is high?

a. Commodities

b. Cash

c. Stocks

d. Bonds