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What is the main difference between ETFs and open - end funds? ETFs are traded on an exchange, while open - end funds are not

What is the main difference between ETFs and open-end funds?
ETFs are traded on an exchange, while open-end funds are not
ETFs have higher expense ratios than open-end funds
ETFs can only be purchased with cash, while open-end funds can be purchased on margin
ETFs have a set maturity date, while open-end funds do not
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