You own shares in GE. Currently, the stock is trading at $17.49, the bid is $17.47x200 and the ask is $17.48x150. If you want to sell 150 shares, what price would you expect to receive?

Some amount below $17.47

$17.48

$17.49

$17.47

Some amount above $17.49

Which of the following statements about mutual funds and ETFs is (are) true:

Mutual funds tend to charge higher fees than ETFs

All of the answers are true

ETFs tend to be passive

ETFs are traded on an exchange, while mutual funds are not

None of the answers are true

Mutual funds tend to be active

Which one of the following best describes a broker?

An intermediary who arranges trades between a buyer and a seller

Someone who helps firms issue securities

Someone who provides financial advice for a fee

A trader who buys and sells from his or her own inventory

Someone who invests in private corporations