Which of the following is true about ETFs?

	a.	They are similar to mutual funds
	b.	They represent a basket of securities, such as stocks
	c.	They are traded like stocks
	d.	All of the above

What are Bond ETFs?

	1.	They are funds that adjust to the changing needs of an investor as they age
	2.	It is a collection of stocks (or bonds) which track the overall market or a specific segment of the overall market
	3.	They provide the investor with coupon income from the underlying component bonds that mirror a particular government or corporate bond index
	4.	None of the above

What is the advantage(s) of ETFs?

1.	More flexibility than mutual funds
	2.	Tax advantages
	3.	Traders have the ability to short or buy ETFs on the margin
	4.	All of the above

Which of thefollowing strategies are not generally used by Mutual Funds

a.	Dynamic by using options, futures, swaps, and other more complex derivatives instruments to amplify fund returns
	b.	Passive by following indexes with minimum managerial control
	c.	Neutral, by following market and its growth
	d.	All of the above