Exchange Traded Mutual Funds (ETFs)

Multiple Choice

Exchange traded mutual funds (ETFs) :

A) are traded throughout the day on stock exchanges.
B) are closed-end funds with a fixed number of shares outstanding.
C) always distribute their capital gains to fund holders, resulting in low taxes.
D) are actively managed by investors, resulting in high costs and high taxes.
E) fill their buy and sell orders at the closing prices at the end of the trading day.