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Question 4 (0.25 points) Which of the following statements is correct? 1) Exchange traded funds (ETFs) are open-ended while Investment companies are closed-ended 2) Exchange

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Question 4 (0.25 points) Which of the following statements is correct? 1) Exchange traded funds (ETFs) are open-ended while Investment companies are closed-ended 2) Exchange traded funds (ETFs) are active investments while Investment companies are passive investments 3) Both Exchange traded funds (ETFs) and investment companies are closed- ended only 4) Investment approaches of investment companies do not vary from fund to fund

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