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Which of the following statements is false about exchange-traded funds (ETFs)? Many ETFs are designed to be index funds. Some ETFs employ very risky strategies

Which of the following statements is false about exchange-traded funds (ETFs)?

Many ETFs are designed to be index funds.

Some ETFs employ very risky strategies designed to magnify returns through the use of leverage.

Share prices of an ETF are determined by market forces .

ETFs are an example of a closed-end fund.

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