Question:

Which of the following is not true about Exchange Traded Funds (ETF)?

A.

an etf is like a bank deposit.

B.

an etf represents a basket of stocks that reflect an index such as the nifty.

C.

an etf\s price changes throughout the day, fluctuating with supply and demand.

D.

by owning an etf, you get the diversification of an index fund plus the flexibilityof a stock.

Answer» a. an etf is like a bank deposit.