Ofelia purchased shares of an investment fund over her lunch hour. She was pleased by the low fees that she paid and the fact that there wasn't a minimum investment requirement. Ofelia's investment was most likely a(n)

Question

Quizplus · Accepted Answer

Exchange-Traded Funds (ETFs) are known for their low fees and no minimum investment requirements, making them accessible to a wide range of investors, including those who may not have large amounts of capital to invest. This contrasts with mutual funds, which often have minimum investment requirements, and other investment options like bonds, commodities, and stocks, which may have different fee structures and investment thresholds.

Ofelia Purchased Shares of an Investment Fund Over Her Lunch