Which of the following is the per-share value of an exchange-traded funds (ETF's) assets minus its liabilities? a) net asset value b) net price c) expense ratio d) market price

Why would investors intentionally choose stocks with high price/earnings (P/E) ratios? a) these stocks typically have lower prices b) they expect these stocks' earning to grow quickly c) they expect these stocks to be less risky d) these stocks are traded on lower commissions

Which of the following is a tax-efficient method to save for college? a) 529 plan b) all of the choices are correct c) taxable savings d) traditional individual retirement account (IRA)

Which of the following is an approach of assigning different percentages to asset categories in 1 portfolio? a) portfolio diversification b) portfolio maximization c) asset allocation d) stock allocation

At an investment company, which of the following is an account in which a person can deposit money and then use it to buy stock? a) Bank account b) Brokerage account c) Credit account d) Money market savings account

Which of the following allows a person to withdraw money early from their individual retirement account (IRA) without penalty? a) All of the choices are correct. b) Qualified education expenses c) Purchase of a new home d) Death or disability