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Which of the following statements is generally true when comparing mutual funds to exchange traded funds? a. Mutual funds are more efficient than exchange traded

Which of the following statements is generally true when comparing mutual funds to exchange traded funds?

a.

Mutual funds are more efficient than exchange traded funds.

b.

Exchange traded funds are more tax efficient than mutual funds.

c.

Exchange traded funds and mutual funds are equally tax efficient.

d.

In order to know which is more tax efficient we must first know what type of investments are held in the respective funds.

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