_____ are shares bought or sold on securities markets that represent the legal right of ownership over part of a basket of individual stock certificates or other securities.

Question

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Exchange-traded funds (ETFs) are shares bought or sold on securities markets that represent the legal right of ownership over part of a basket of individual stock certificates or other securities. Mutual funds can also represent ownership in a basket of securities, but they are not traded on a securities exchange. Cumulative preferred stocks and common stocks represent ownership in individual companies, not baskets of securities.

_____ Are Shares Bought or Sold on Securities Markets That