An exchange-traded fund is a basket of marketable securities in a category, such as an industry sector, an investment objective, or a geographical area, or that track an index and trade like one.

Name: An exchange-traded fund is a basket of marketable securities in a category, such as an industry sector, an investment objective, or a geographical area, or that track an index and trade like one.
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Question

Quizplus · Accepted Answer

This statement accurately defines an exchange-traded fund (ETF).

An Exchange-Traded Fund Is a Basket of Marketable Securities in a Category