Question 3 (1 point)

Which of the following statements is not correct about Exchange traded funds (ETFs)?

Question 3 options:

a)	ETFs limit diversification benefits

b)	ETFs are funds an investor can buy or sell on a stock exchange

c)	ETFs are open-ended

d)	ETFs represent shares of ownership

Question 4 (1 point)

The spot and 180day forward rates for the euro are $1.3310 and $1.3402, respectively. The euro is said to be selling at a forward

Question 4 options:

a)	discount of 1.4%

b)	premium of 1.4%

c)	discount of 6.9%

d)	premium of 6.9%