please answer both

12. Which of the following are considered financial markets? A. the stock and bond markets. B. foreign-exchange markets. C. derivative markets. D. commodities markets. E. all of the above. 13. Which of the following are correct regarding mutual funds and exchange-traded funds (ETFs)? A. mutual funds and exchange traded funds (ETFs) are actively managed. B. mutual funds and exchange traded funds (ETF:) "beat the market", that is generate superior performance C. because they are well-diversified, mutual funds and exchange traded funds (ETFs) are safe investinents D. all of the above E none of the above