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FINRA Securities Industry Essentials Exam (SIE) SIE Question # 24 Topic 3 Discussion

FINRA Securities Industry Essentials Exam (SIE) SIE Question # 24 Topic 3 Discussion

SIE Exam Topic 3 Question 24 Discussion:
Question #: 24
Topic #: 3

Which of the following statements describes a characteristic of exchange-traded funds (ETFs)?


A.

ETFs are offered with front-end or back-end loads.


B.

ETFs are not permitted to be purchased on margin.


C.

ETFs are purchased and sold daily at net asset value (NAV).


D.

ETF expense ratios are generally lower than those of mutual funds.


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