IIA
IIA-CFSA · Question #488
IIA-CFSA Question #488: Real Exam Question with Answer & Explanation
Sign in or unlock IIA-CFSA to reveal the answer and full explanation for question #488. The question stem and answer options stay visible for context.
Question
There are some investment companies, known as exchange-traded funds or ETFS, which are legally classified as open-end companies or UITs. EFTs differ from traditional open-end companies and UITs because:
Options
- APursuant to SEC exemptive orders
- BShares issued by ETFs Traded on a secondary market
- CAre lonely redeem able in very large blocks (Blocks of 50,000 shares for example)
- DAll of these
Unlock IIA-CFSA to see the answer
You've previewed enough free IIA-CFSA questions. Unlock IIA-CFSA for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.