Series 7 - General Securities Representative Exam
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Your new client is interested in mutual funds and ETFs. You are explaining the differences between the two. You would tell her that unlike mutual funds, ETFs
Can be bought on margin and Trade throughout the trading session
A
Can be bought on margin, Can be sold short, Are back load funds
B
Can be bought on margin, Trade throughout the trading session, Can be sold short
C
Can be bought on margin, Trade throughout the trading session, Can be sold short, Are back load funds
D
Explanations
ETFs have all of the characteristics other than D. They are not back load funds