SIE - Securities Industry Essentials Exam
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Equity instruments with intraday liquidity that may be an attractive alternative to mutual funds are
Forex Contracts
A
ETFs
B
LGIPs
C
Direct Participation Programs
D
Explanations
ETFs offer intraday trading for liquidity and usually carry a lower expense ratio than mutual funds. LGIPs are local government investment pools. DPPs are not traded on an exchange and are illiquid.