Series 7 - General Securities Representative Exam
Which of the following statements are TRUE regarding the difference between ETNs and ETFs?
ETNs are baskets of stocks, ETFs are broadly diversified mutual fundsA
ETNs represent unsecured corporate debt. ETFs represent equity ownershipB
ETFs trade only once per day; at the NAV. ETNs trade intraday on different ECNsC
ETNs trade in higher average volume than ETFsD
ETNs are exchange traded notes (debt). ETFs are exchange traded funds (equity)