Q2Which of the following is a difference between an exchange traded fund (ETF) and a mutual fund?

An ETF is a hybrid security, whereas a mutual fund is not a hybrid security.

An ETF can only be traded at the end of the day, whereas a mutual fund can be bought or sold throughout the trading day.

An ETF is a convertible security, whereas a mutual fund is a non-convertible security.

An ETF is a fixed income instrument, whereas a mutual fund is a variable income instrument.

An ETF provides more favorable tax treatment than a mutual fund.