CFA Practice Question

There are 294 practice questions for this study session.

CFA Practice Question

Which of the following least accurately describes ETFs?

A. ETFs are priced continuously throughout the day.
B. ETFs can be purchased on margin and sold short.
C. ETFs have front loads but no annual expenses.
Correct Answer: C

ETFs are no-load investments, but do have (low) annual expenses, since they are basically a passively managed index portfolio. Both of the other statements are correct.

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