For individual investors purchasing exchange traded funds (ETFs),which of the following is the most important entity that plays a key role in the primary market for ETF shares?

Question

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Authorized participants (APs) are the most important entity that plays a key role in the primary market for ETF shares. APs are responsible for creating and redeeming ETF shares with the ETF issuer, which helps to keep the ETF's market price in line with its net asset value. This process helps to ensure that the ETF trades at a fair price and provides liquidity to individual investors buying and selling ETF shares on the secondary market.

For Individual Investors Purchasing Exchange Traded Funds (ETFs),which of the Following