Series 7 - General Securities Representative Exam

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Which of the following is TRUE regarding ETFs?

They trade once per day at 4PM EDT at the NAV
A
They contain fees measured by the expense ratio
B
They contain fees measured by 12b-1 fees and expenses
C
They are good for diversification, but lack in liquidity
D

Explanations

The expense ratio represents all of the management fees and operating costs of the ETF

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