Series 7 - General Securities Representative Exam
Training Mode
Which of the following statements are TRUE regarding the difference between ETNs and ETFs?
ETNs are baskets of stocks, ETFs are broadly diversified mutual funds
A
ETNs represent unsecured corporate debt. ETFs represent equity ownership
B
ETFs trade only once per day; at the NAV. ETNs trade intraday on different ECNs
C
ETNs trade in higher average volume than ETFs
D