Series 7 practice questioneasyPackaged Securities 179
ETF shares differ from mutual fund shares because ETFs:
- Atrade intraday on an exchange like stocks✓ Correct answer
- Bare always purchased directly from the fund company only
- Cprice only once each day after the close
- Dcannot be sold short
Explanation
Why A — trade intraday on an exchange like stocks
ETFs can be bought and sold throughout the trading day at market prices. Traditional mutual funds are priced once daily after the market closes.
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