During Ben's lunch break, he logged on to his computer to find the mutual fund he wanted to buy. As he made his way around several websites, he realized that the NAV (net asset value) quoted was yesterday's close. His shares would be purchased tomorrow, with today's closing price. Looking over his shoulder, one of his coworkers suggested that he look into _________ because they are similar to mutual funds, but could be traded during the entire trading day, just like stocks.

Question

Quizplus · Accepted Answer

The coworker suggested that Ben look into exchange traded funds (ETFs) because they are similar to mutual funds but can be traded throughout the day, like stocks. A and B are not correct as they are not related to the issue of trading during the day. D is not a real type of investment fund.

During Ben's Lunch Break, He Logged on to His Computer