Exchange-traded funds are like open-end funds in the sense that
A)their shares are traded on an exchange, and their share price changes throughout the day.
B)they have a fixed number of shares.
C)they are not actively managed.
D)none of the above

Question

Quizplus · Accepted Answer

Exchange-traded funds (ETFs) are similar to open-end funds because they allow investors to buy and sell shares at the net asset value (NAV) at the end of the trading day, not because their shares are traded on an exchange or because they have a fixed number of shares.

Exchange-Traded Funds Are Like Open-End Funds in the Sense That