What Is the Advantage of Exchange-Traded Funds (ETFs)over Mutual Funds

Multiple Choice

What is the advantage of exchange-traded funds (ETFs) over mutual funds?

A) They can be traded throughout the day like a stock.
B) The cost of the fund management is passed on to the holder.
C) They do not require the services of a broker to complete a transaction.
D) They allow for frequent trading with lower overall transaction fees.
E) They regularly out-perform mutual funds.