1. What differentiates leveraged ETFs/ETNs and regular ETFs?

I. It is a closed-end fund

II. It can be traded like stocks

III. It will be traded very close to the fund's NAV

IV. Fund value will experience an exponential decline over time.

2. When a mutual fund has distribution, which of the following will occur? I. NAV value will decline II. Return will decline III. Previous NAVs will have to adjust down.

Group of answer choices

I and II only

I and III only

I only

I, II and III

3. Which of the following financial assets is not a zero sum game for the society? I. Bonds. II. Futures contract III. Stocks IV. Options

Group of answer choices

II, III and IV only

I and III only

II only

II and IV only

IV only

4. You likely have suffered Affect Heuristic if:

I. you bought shares in GME and AMC because of the hashtag #wallstreetrevolution.

II. you bought shares in a company that produces the product that you really like without checking the fundamentals.

III. you bought gold after you saw an infomercial featuring Dr. Ron Paul (a dentist) talking about how the US is going to have hyperinflation the like of which history has never seen before. . .

I only

I, II and III

I and II only

III only

5. During the meme-driven speculation period from mid 2020 to mid 2021, the stock market has experienced spectacular returns month after month. As a result, most individual investors and forecasters all think that the stock market would keep going up in value. This is an example of:

I. Availability heuristic.

II. Representativeness heuristic.

III. Confirmation bias.

Group of answer choices

I only

II only

I, II and III

I and II only