Canadian Securities Course (CSC) Practice Exam · Question
An Exchange-Traded Fund (ETF) typically differs from an open-ended mutual fund in that ETFs:
Unlike mutual funds which are priced once daily, ETFs trade like stocks on exchanges, allowing investors to buy and sell shares throughout the trading day at ma
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Question: An Exchange-Traded Fund (ETF) typically differs from an open-ended mutual fund in that ETFs:
Answer options: ✅ Trade on stock exchanges throughout the day at market-determined prices.
- Are priced only once per day at the end of the trading day based on NAVPS.
- Always have a fixed number of shares outstanding.
- Are generally actively managed with high expense ratios.
Correct answer: Trade on stock exchanges throughout the day at market-determined prices.
Explanation: Unlike mutual funds which are priced once daily, ETFs trade like stocks on exchanges, allowing investors to buy and sell shares throughout the trading day at market prices.
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